On April 18, 2016, the State-owned Assets Supervision and Administration Commission of the State Council issued the "Notice on Carrying out Pilot Work for Compliance Management System Construction in Some Central Enterprises", listing five enterprises, China Petroleum , China Mobile, Oriental Electric Group, China Merchants Group , and China Railway Corporation as pilot units for compliance management system construction. These five central enterprises are large multinational enterprise groups directly managed by the State-owned Assets Supervision and Administration Commission. China Petroleum, Oriental Electric Group, China Merchants Group, and China Railway Corporation all operate across industries. In addition to their main business, they are also engaged in international trade , finance, logistics and other businesses. China Railway Corporation also invests in the development of real estate development business. China Mobile is more focused on mobile communications business, and the group company tends to have closer management of its subsidiaries. After the notice was issued, the five companies made compliance commitments, followed the compliance concept, improved the compliance management system and compliance management system, and all staff promoted the compliance culture, established compliance values, and always adhered to the integrity and trust of the enterprise. Corporate compliance reform has begun to show results. Why does my country need to carry out enterprise compliance reform? The reasons come from many aspects. The biggest reason is that in recent years, enterprises have frequently operated illegally, and even committed crimes. A large number of corporate companies have been hit hard by corporate crimes and went bankrupt. Some corporate leaders even bear criminal responsibilities. As a market economy, enterprises will affect the whole body. Once a company faces collapse, the thousands of employees behind them will face unemployment and laid off, which will have a huge adverse impact on society. In order to reduce the occurrence of this phenomenon, the government departments decided to rectify this unhealthy trend in enterprises.
Many companies often choose to turn a blind eye when their employees use illegal means to compete, because this is more beneficial than disadvantages for the company. In order to capture KPIs, and the boss's turn a blind eye, they will repeatedly test the bottom line of morality and even legality in the gray area. They often walk by the river and will eventually get wet. This is the reason why most businesses violate regulations. This means that most enterprises in my country have not yet realized the importance of corporate compliance, conduct compliance risk assessment, complete compliance obligations, and establish a complete corporate compliance management system, which is the foundation for ensuring the long-term and stable development of enterprises. After the country introduced the corresponding enterprise compliance policies, major enterprises in my country have gradually understood the necessity and urgency of compliance. After my country released its emerging profession - enterprise compliance engineers in 2021, enterprises are scrambling to seize professional compliance talents such as senior enterprise compliance engineers. According to data, the current talent gap in my country has reached more than 9 million.
Enterprise Compliance Expert Certificate has also become a required certificate for legal, financial and administrative personnel. In order to implement the "Notice of the General Office of the Ministry of Human Resources and Social Security on Strengthening New Vocational Training" in the "Notice of the General Office of the Ministry of Human Resources and Social Security on Strengthening New Vocational Training" of the China Enterprise Compliance Professional Committee, which is open to the whole society. The second phase of the 2022 Enterprise Planner Professional Ability (Level) Examination will also start on October 22. The examination syllabus and application requirements have been announced on the Enterprise Compliance Teacher Examination Network.