Country Releases Rules Regulating Officials from Working in Different Establishments
To rule out irregularities and prevent corruption, China released rules that will regulate incumbent and retired officials from working in various establishments. Issued by the Organization Department of the Communist Party of China Central Committee, the rules are based on the existing laws and regulations on civil servant management along with the Party’s integrity rules.
All incumbent officials even those who have not completed the retirement procedures are not allowed to hold concurrent positions or work full time in any enterprises, unless their work requires them to work and the process will be subjected to the strictest examination and approvals. And to avoid causing any conflict of interest from their prior role, retired officials are also not allowed to work in businesses within their jurisdiction before or engage in any businesses in profit making activities that is also related to their positions within three years after leaving public service. After that if they want to engage and work in these enterprises out of their former jurisdiction, they can do so but first they must report to their former units.
The rules also stipulate that officials that hold concurrent positions in enterprises will not be allowed to receive payments, extra profits or stock rights. The official should also not hold two or more positions in the company or reappointed for more than two terms. An age limit of 70 is also implemented. Officials that are transferred to work for other enterprises will not retain their civil servant status before and after retirement or is entitled to be treated as government officials.
Incumbent and former officials that worked for enterprises must follow the laws and discipline, show integrity and will not seek any personal gains by taking advantage of their influence of being an official. These officials are also required to submit reports on their performance , expenses and other financial statements annually to their superior departments.