Get IT involved earlyInformation Technology will play a critical role in a successful C-SOX implementation, so it is important that the IT organization understands how they will support this project. The Basic Standard for Enterprise Internal Control specifically mandates the use of IT to reduce risk and increase transparency in…
China continues to emerge on the world stage as an economic powerhouse, projected to be the world’s fourth largest economy within two years. U.S. companies, especially small to medium enterprises (SMEs), stand to benefit significantly from this growth, assuming that they are prepared to enter this highly competitive environment filled with considerable but manageable risks. Nearly 97 percent of all U.S. exports originate from SMEs—companies with…
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What will be the role for international entrepreneurs in China’s emerging 2-track economy?
China’s economic development is being pulled in two diverging directions as Beijing struggles to steer a course through this global recession. On one hand, collapsing international demand for Chinese exports has led policy-makers to stimulate the domestic economy with a massive state-directed infrastructure…
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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…
By Peter Furhman
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 little further west at the main intersection, a huge new superstore is under construction. The four-story-high signs proclaim it’s Shenzhen’s new “Official NBA Store”. But, when I emailed a friend who is one of the top executives at the NBA headquarters in New York, intending to congratulate them on their expansion in China, he emailed back to say that the NBA has no such project underway in Shenzhen. Read the rest of “Intellectual Property Law in China – Rule of Law is Replacing Law of the Jungle” or post a comment
