Lecture Friday at Beida University CCISSR

I am going to be giving a talk this Friday to faculty and students at Beida University’s China Center for Insurance and Social Security Research (CCISSR) titled “Analyzing the Operational Impact of China’s Basic Standard for Enterprise Internal Control.” The audience will mostly be made up of risk management researchers and academics, so I am purposely focusing on the operational elements of corporate governance and internal control improvements.

The main emphasis of the talk is to show that companies can have real business benefits from properly implementing internal control structures and other forms of corporate governance. Examples from the US (from Sarbanes-Oxley experience) show that companies who do this well gain competitive advantages in the marketplace through improved efficiency and that they value of their stock goes up because they are perceived to have better management. These are great lessons to learn for the Chinese companies that are going to be implementing C-SOX later this year and in 2010.

Furthermore, I will outline the key operational challenges related to implementation and show the areas of highest impact for getting started.

p.s. - here's a press release from Beida about the event: http://econ.pku.edu.cn/index_mod2.php?mesid=4378