China's Corporate Social Credit System (SCS) is an ambitious plan by the Chinese government to comprehensively regulate citizens, government officials, and companies with a carrot-and-stick credit ranking system. In the corporate realm, the system will monitor company regulatory compliance and offer incentives or punishments. But while the SCS is still being rolled out nationwide, companies are increasingly finding themselves subjugated to the new system. Successful compliance—that is, gaining the carrot; tossing the stick—will in many cases require a complete overhaul of corporate structures.
AmCham Shanghai is pleased to co-host its final 2020 Technology Policy Program with Control Risks on November 11 at 4:30 pm. Michael Cunningham, Senior Analyst at Control Risks, will first give an update on the SCS's 2020 roll out. This will be followed by a panel discussion with Boon Kim, Compliance Senior Legal Counsel at PVH, and co-chair of AmCham Shanghai's Ethics Compliance Counsel, Dellen Dai, Director of Ethics and Compliance at Cargill, and Haitang Jiang, Vice President & General Counsel at Honeywell Asia Pacific.
This workshop is part three of AmCham Shanghai and Control Risks' 2020 Tech Policy Program, which focuses on digital sovereignty risk. Digital sovereignty is the state extending and expanding regulations over information and technology within its physical borders. Digital sovereignty risk is the challenge these new controls present to companies' opportunities, management and regulatory compliance.