Compliance in Procurement: Key Considerations

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Compliance in Procurement: Key Considerations

We would like to share our experiences and help leadership and all employees across procurement, supply chain and adjacent functions to better understand the key considerations of an efficient corporate compliance program, the differences and discrepancies between parent company and China compliance and what should be borne in mind when procuring from Chinese companies.

European companies doing business in China encounter local perspectives and assumptions that make adherence to corporate compliance programs an ever evolving and challenging effort. Because of a highly competitive and culturally different operating environment, ensuring adherence to corporate ethics and compliance policies remains a key concern and challenge for European companies purchasing from China. Practices that are normally considered unacceptable in Europe may not only be allowed in China, but may even be strongly encouraged by local cultural conventions. Such practices are especially manifested in the function of procurement. Developing internal practices that take these norms into consideration while protecting a company's legal obligations and reputation is a difficult process that requires balancing strongly competing interests.

Key topics that will be included in the presentation include:

Typical risk factors in terms of procurement compliance
Anti-corruption legal framework and tax laws in China
Recent enforcement activity against bribery in China
Common fact patterns
Mitigation and prevention measures, compliance training and monitoring techniques
Possible scenario and Best practices

This Nordic Chamber Joint Event is the first part of a series of three events related to Supply Chain Management. The two next events will be held on February 21 and March 21.

Program:

08:00 - 08:30 Registration and breakfast
08:30 - 09:30 Presentation
09:30 - 10:00 Panel discussion & Q&A

PRICE: Participation Fee for this event is 80RMB for members, 150RMB for Non-members. Breakfast included.

REGISTRATION: Registration is required to confirm a seat. You may register by replying to fbcs@fbcs.fi until Tuesday, January 15, 2018 or as long as there are seats available. Registration is binding and no-shows will be charged RMB 200 unless cancelled before the end-of-day of the final registration date.

ELIGIBILITY: All of the employees of FBCS member companies can participate at our events with Membership privileges (discounted price, access to member only events). Please do not hesitate to forward this event invitation to your colleagues.

Agenda

8:00 AM - 8:30 AM

Registration and breakfast

8:30 AM - 9:30 AM

Presentation

9:30 AM - 10:00 AM

Panel discussion & Q&A

Speakers

Sam Li
Associate Partner at Asia Perspective
Sam Li is responsible for all aspects of the firm’s strategy, team and operations across Asia Perspective’s offices in China. Sam brought with him over 20 years’ experience leading and advising organizations to achieve their expansion goals in the Chinese market. Over the years, Sam has acquired extensive hands-on experience in cross border negotiation and JV formation, corporate and business unit strategy, M&A due diligence, operational performance improvement and transformation.

Sam’s has worked across a number of industries including Healthcare, Energy, Industrial Goods & Services, Industrial Machinery, Telecommunications, Utilities & Renewable. Before joining Asia Perspective, Sam held the position of Managing Director for Mideaux Power Technology. He has also served several firm leadership roles including General manager of business unit, Sales and Marketing Director, Group Audit Manager and Business controller for SKF Group China. Sam holds an MBA from BI Norwegian Business School (Norway) as well as a BS in Mechanical Design, Manufacturing and Automation from East China University of Science and Technology (China). He also received executive training from the China Europe International Business School (CEIBS).
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Sami Lindström
Partner at Asia Perspective
Throughout his career Sami has advised leading industrial actors in the fields of mining and metals, and lifting equipment for various global projects. He has also served as lead counsel in numerous high-profile disputes around the world, including in China, and has conducted demanding cross-jurisdictional investigations.

He has also helped various companies create strategy-based global compliance and integrity risk management systems to manage and investigate e.g. fraud, anti-trust, and corruption allegations. Sami also has advised globally operating companies in stakeholder identification, counterparty due diligence, and related risk mitigation. Before joining Asia Perspective Sami led global legal affairs and compliance operations at Outotec, acted as senior legal advisor at Outokumpu and Konecranes, and advised international clients in compliance and integrity risk management at a leading Nordic law firm. Sami holds a Master degree in Law from the University of Helsinki and is admitted to the Finnish Bar. He also holds a diploma from the Paris Chamber of Commerce and Industry. Sami is business fluent in English, French, and Finnish, and conversational in Swedish.
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