Caixin
Apr 11, 2022 08:45 PM
OPINION

Editorial: Staying True to the Mission of Corporate Compliance Reform

The Supreme People’s Procuratorate and the All-China Federation of Industry and Commerce convenes a meeting on April 2 in Beijing to launch the pilot program of compliance reform of enterprises involved in criminal cases. Photo: spp.gov.cn
The Supreme People’s Procuratorate and the All-China Federation of Industry and Commerce convenes a meeting on April 2 in Beijing to launch the pilot program of compliance reform of enterprises involved in criminal cases. Photo: spp.gov.cn

The enterprises involved in criminal cases will get more opportunities to rectify and correct themselves. Recently, the Supreme People’s Procuratorate of the People’s Republic of China and the All-China Federation of Industry and Commerce convened a special meeting to launch a pilot program of compliance reform for enterprises involved in criminal cases. This reform aims to protect private small and medium enterprises, and embodies the spirit of the rule of law combining punishment with leniency. It will provide a valuable reference for other reforms. Giving enterprises the opportunity to rectify lays a vigorous and well-regulated micro foundation for the Chinese economy.

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