Category: Corruption

Open Government Developments in China: Implications for US Businesses

The People’s Republic of China continues to modernize the Chinese regulatory state through its open government project, even as the Chinese Communist Party (CCP) asserts comprehensive leadership and tightens political and social controls under General Secretary Xi Jinping.

/ July 1, 2019

Will ISO Standards Transform Compliance in China?

As China pushes forward with its national anti-corruption campaign, companies are considering standards released by the International Standards Organization (ISO) to improve anti-bribery and corporate compliance programs.

China’s Anti-Corruption Efforts Pay Off: Analysis of 2016 Corruption Perception Index

China’s ranking on Transparency International’s (TI) 2016 Corruption Perception Index (CPI) continues to improve, moving up four places to 79. The latest CPI is a reminder for companies that rely on its rankings to review their global compliance programs and...

Traditional Investigation Approaches Can Lead to Sinkhole

Poorly executed investigations in China fail to contain potential compliance, regulatory and business continuity problems, and can often increase the risk of scrutiny from government investigators, disrupt supply or distribution chains, and disgruntle employees.

/ February 8, 2017

Housing Bubble, Politics and Trouble: Problems and Policies for China’s Real Estate Market

Suppressing rising property prices is a common theme through President Xi Jinping’s speeches, the Ministry of Housing and Rural-Urban Development’s (MOHURD) policies, and Central Commission for Discipline Inspection (CCDI) campaigns. The state’s anti-corruption apparatus will continue to be deployed in...

/ November 4, 2016

Inflicting Loss on Investors through Cooked Books: Assessing Accounting Fraud in China

Accounting fraud in China seldom made headlines until the US Securities and Exchange Commission (SEC) began probing Alibaba, China’s e-commerce giant. Although accounting fraud is a global issue, China’s investment climate presents higher risk because local companies often want to...

/ September 16, 2016

Eyes Wide Open: Broader Due Diligence for a More Complex China Market

Due diligence is the process of investigating the background of a company or individual before entering a formal business relationship. This traditionally focuses on financial, legal, and reputational aspects of the subject company and its principals. Reputational (or integrity) due...

/ August 8, 2016

Where Does China Rank in the World?

By Bonita Chen Since the beginning of former Chinese leader Deng Xiaoping’s economic reforms in 1978, China has undergone unrivaled rapid economic growth, boosting an average GDP growth rate of 10 percent over the last three decades. But as China’s...

/ July 24, 2015

Navigating Difference

A business professor answers questions about the cultural and ethical issues of American-Chinese business relations and discusses how American companies are managing these differences. By Christina Nelson  The problems multinational companies face while doing business in China are well documented....

/ October 24, 2013

Compliance After China’s Healthcare Bribery Scandals

Changing everyday business practices instead of focusing only on legal issues may help companies comply with Chinese anti-corruption laws. By Benjamin Shobert and Damjan DeNoble  In the aftermath of this summer’s bribery scandals involving pharmaceutical firms GlaxoSmithKline (GSK), Sanofi S.A....

/ October 10, 2013