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Wang Jianyong Delivers Training at Xuzhou Traffic Control Group
Time:2023-11-06
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Translator:Wang Yichun

 

On November 1, 2023, as part of the engagement to develop a compliance management system for Xuzhou Communication Holding Group Co., Ltd., Wang Jianyong, senior partner at Shanghai Landing Law Offices, was invited to facilitate a training and discussion session. The session targeted middle and senior management personnel of the Holding Group and its subsidiary companies. The special lecture was themed "Understanding Compliance Management through the 'Three Lists' of Central Enterprise Compliance Management."

 

Xuzhou Communication Holding Group, established in May 2008 with a registered capital of 3 billion RMB, is a major state-owned enterprise under the city's jurisdiction. The Group is primarily engaged in the investment, construction, and operation of transportation infrastructure, contributing significantly to the city’s comprehensive development. It has established a diversified industrial structure with "transportation engineering, integrated logistics, public travel" as its core businesses, and "property asset management, investment, and operation in transportation-related industries" as supportive sectors. The Group's consolidated assets amount to 60 billion RMB, and it boasts an AAA credit rating, reflecting its robust financial health and reputation.

During the training, Wang Jianyong elaborated on "What is Compliance," "How to Effectively Manage Corporate Compliance," and "Key Factors for Successful Compliance Management." He initiated the session by defining corporate compliance from a practical standpoint, examining the current landscape of compliance management in Chinese enterprises, and emphasizing the significance and value of compliance systems for businesses. Wang then explored the detailed aspects of enterprise compliance management, particularly focusing on the implementation strategies of compliance governance within organizations, guided by the "Three Lists" approach prevalent in central enterprises. The session concluded with an analysis of common challenges in compliance management, learning from past failures, and distilling critical insights for successful compliance governance.

 

Hu, the Discipline Inspection Committee Secretary of the Group, highlighted the importance of compliance and risk control management in adhering to the directives of the China Communist Party Central Committee and the State Council. This approach is instrumental in refining the group's corporate governance and enhancing its control mechanisms. He emphasized the need for heightened awareness and rigorous implementation of compliance and risk control measures across the group's departments and units. Hu underscored the group's commitment to constructing a comprehensive compliance management system that aligns with modern governance objectives. The aim is to establish the group as a leading state-owned enterprise exemplar in robust internal control, risk prevention, and compliance enhancement.

 

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