A leading company in the traditional Chinese medicine industry announced on the evening of the 2nd that it received the Decision on Administrative Supervision Measures from the Yunnan Securities Regulatory Bureau on November 10, 2022. Due to irregularities in corporate governance, internal control, and financial accounting, the The company was ordered to make corrections and recorded in the integrity file of the securities and futures market. The company held the second meeting of the tenth board of directors in 2022 and the second meeting of the tenth board of supervisors in 2022 on December 1, 2022, and reviewed and approved the "rectification report on the Yunnan Securities Regulatory Bureau's decision to order corrective measures against the company" motion".
As a leading enterprise in the traditional Chinese medicine industry, the company's products have good effects and social reputation. The punishment for multiple issues this time also shows the lack of its internal financial management and compliance operating system. For enterprises, compliance management is one of the three pillars of enterprise management, an important part of enterprise internal control and a key link in risk management. Compliance is necessary, and non-compliance has huge hidden dangers and risks for enterprises.
"Compliance obligation" is the necessary basic work in the construction of enterprise compliance management. However, the sorting out of compliance obligations is not only a task with a huge workload, but also a task with a large span of expertise and extremely high requirements in the field of knowledge. Therefore, to solve this bottleneck, big data must be assisted to achieve twice the result with half the effort.
Based on the big data support system, independent design, construction of a unified technical framework and technical standards, and in-depth exploration of the field of compliance obligations in accordance with the unified requirements of the State-owned Assets Supervision and Administration Commission, major trends at home and abroad, and actual needs of customers, released China Model-Based Compliance Knowledge Graph Regulatory Big Data Products - "Compliance Number".
It defines the compliance obligations of different scenarios such as international standards, national standards, and enterprise standards in various industries, and users can quickly match the most comprehensive and accurate compliance obligations and generate data reports based on actual business behaviors. Make the daily behavior of compliance subjects such as business management and production operation meet the regulatory requirements of laws and regulations, so as to avoid a series of civil or criminal legal liabilities such as goodwill loss, economic loss, and qualification loss caused by the occurrence of violation risks Consequences, helping companies avoid compliance risks from the source.
