Getting started: executive sponsorshipThe most important criterion for success of the C-SOX compliance project is to ensure the attention and support of the entire organization. Although responsibility for risk management and compliance ultimately sits with the CEO and Board of Directors, forward-thinking companies will push responsibility to…
Within a two-minute walk from my apartment in Shenzhen, there is ample evidence that intellectual property, particularly American, is not very well-protected in China. Nighttimes, three different vendors set up their folding tables on the main street with pirate DVDs by the carton-full, including many of the latest Hollywood releases. Cost: RMB5 each, or 73 cents each.
A majority of western business people who have business in China or with Chinese companies have worked with an interpreter. Most often, the interpreter will be a native of China. This can be helpful or problematic depending on how you handle your communications. There are a few things you can do to avoid problems and help your interpreter.
Regional usage, grammar, and pronunciation vary…
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Chinese employees are often accused of not being willing to take risks and therefore fail to be innovative. And yet, many firms in China are trying to do new things and therefore require innovation. In my view, risk-taking behaviour in China is quite similar to other countries. I believe the reason that China has the reputation of not taking risks is because of a few cultural patterns. One is the fact that Chinese employees are generally not very quick to speak up.
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IntroductionChina’s Basic Standard for Enterprise Internal Control (“C-SOX”) comes into effect soon and many companies are therefore starting to implement this regulation. While the prospect of adopting new corporate governance and risk management standard may seem daunting, there are some simple steps that companies can take to get a head start on the…
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China Sourcing
