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Roundtable: How can we reduce the risk of corruption for business in China?

2011-09-20   Source: www.iblf.org

 

On 23 Sept 2011, IBLF’s partnership programme, the China Business Leaders Forum (CBLF) will organise an interactive roundtable at the Renmin University of China. The event - the 18th session of the CBLF - will take place in Beijing and bring together senior executives from major Chinese and multinational corporations to discuss curbing the risk of corruption. Themed ‘Practical Approaches to Reducing the Risk of Corruption in Business Operating in China’, it is intended for CEOs, CFOs, Chief Legal Counsel and other Board-level executives and managers. View the agenda here.

 

Professor Dong Keyong, Dean, School of Public Administration at the Renmin University of China and Brook Horowitz, Director of Regions at IBLF offered a wider context on the theme of the event, referencing a white paper on anti-corruption published by the Chinese government last December that focused on how business and government can work together to combat corruption. They explained that outside China, there has also been a hardening of the regulatory environment, for example in the UK with the implementation of the UK Bribery Act.

 

 "As Chinese companies invest or list abroad, and MNCs continue to develop their investments and sourcing in China, there been increased exposure to the risk of prosecution for those companies that fail to take adequate safeguards."

The event will feature two distinguished key-note speakers from leading companies - Jie Liu, Chairman of the Board of Supervisors, China State Construction Engineering Corporation and Charlene Zhu, General Counsel, GE Healthcare China. Michelle Gon, Partner, Baker & McKenzie will address the audience on recent developments in Chinese and overseas anti-corruption legislation and regulation.

 

During the interactive discussion following the presentations, participants will be invited to compare and contrast the methods they use within their companies to reduce the risk of corruption. Topics to be addressed will include:

 

What are the management methods and tools which will discourage employees from giving bribes and encourage an atmosphere of transparency and integrity?

How can companies achieve an optimal balance between control and trust?

How can companies extend clean business practices to their distributors, agents and suppliers?

What is the role of business leaders in “setting the tone from the top”?