Compliance in Procurement: Key Considerations
We would like to share our experiences and help leadership and all employees across procurement, supply chain and adjacent functions to better understand the key considerations of an efficient corporate compliance program, the differences and discrepancies between parent company and China compliance and what should be borne in mind when procuring from Chinese companies.
European companies doing business in China encounter local perspectives and assumptions that make adherence to corporate compliance programs an ever evolving and challenging effort. Because of a highly competitive and culturally different operating environment, ensuring adherence to corporate ethics and compliance policies remains a key concern and challenge for European companies purchasing from China. Practices that are normally considered unacceptable in Europe may not only be allowed in China, but may even be strongly encouraged by local cultural conventions. Such practices are especially manifested in the function of procurement. Developing internal practices that take these norms into consideration while protecting a company's legal obligations and reputation is a difficult process that requires balancing strongly competing interests.
Key topics that will be included in the presentation include:
- Typical risk factors in terms of procurement compliance
- Anti-corruption legal framework and tax laws in China
- Recent enforcement activity against bribery in China
- Common fact patterns
- Mitigation and prevention measures, compliance training and monitoring techniques
- Possible scenario and Best practices
This Nordic Chamber Joint Event is the first part of a series of three events related to Supply Chain Management. The two next events will be held on February 21 and March 21.
- 08:00 - 08:30 Registration and breakfast
- 08:30 - 09:30 Presentation
- 09:30 - 10:00 Panel discussion & Q&A
PRICE: Participation Fee for this event is 80RMB for members, 150RMB for Non-members. Breakfast included.
REGISTRATION: Registration is required to confirm a seat. You may register by replying to firstname.lastname@example.org until Tuesday, January 15, 2018 or as long as there are seats available. Registration is binding and no-shows will be charged RMB 200 unless cancelled before the end-of-day of the final registration date.
ELIGIBILITY: All of the employees of FBCS member companies can participate at our events with Membership privileges (discounted price, access to member only events). Please do not hesitate to forward this event invitation to your colleagues.