Conflicts of interest (COI) are one of the most common business issues in mainland China. A COI is where one or more employees set up third-party companies (or establish relations with existing companies) to personally profit from insider information or benefit from increased business, discounts and rebates. Our research shows that even companies that have been operating in China for more than ten years have at least a 75% chance of COI issues. Resolving COI issues is challenging given the unique commercial and legal environment in mainland China.
Resolving a COI should be managed as a challenge to business continuity rather than a strictly legal issue. The company is likely to need to provide some form of compensation in order to remove an employee while minimising risk. It is critical to develop an intelligence-based assessment of the risk to business continuity and create an execution plan to mitigate and minimise that risk
Legal heads, finance heads, GM level and above from manufacturing industries.
From this session you will be able to
- The difference between the legal due diligence and the business continuity perspective
- Risks, advantages and disadvantages of due diligence from different angels
- Guided with a proper methodology and execution plan
- Case studies
About Control Risks
Control Risks is a specialist risk consultancy that helps create secure, compliant and resilient organisations. We believe that taking risks is essential to success, so we provide the insight and intelligence you need to realise opportunities and grow. And we ensure you are prepared to resolve issues and crises. From the boardroom to the remotest location, we have developed an unparalleled ability to bring order to chaos and reassurance to anxiety.