3 year stand down period for officials switching to private sector in place

09:12, June 23, 2011      

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Measures have been put in place to prevent officials trading their current power to enter the private sector as a stand down period of three years is now required, said a senior official with the discipline watchdog of the Communist Party of China (CPC) on Wednesday.

Wu Yuliang, deputy secretary of the Central Commission for Discipline Inspection (CCDI) of the CPC, made the remarks at a press conference on the CPC's efforts to fight corruption.

In March last year, the CPC central committee introduced a regulation on clean governance of CPC officials, said Wu.

The regulation stipulates that cadres and officials are forbidden to accept employment by private enterprises for three years after they leave office or retire.

Further, Wu said, they could not be engaged in any for-profit businesses related to their previous posts or within their previous jurisdictions three years after retirement or quitting, according to the regulation.

Source: Xinhua
 
 
     
 
 
 
     
 
 
 
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