Compliance is the guarantee of building a world-class enterprise.

Compliance is the guarantee of building a world-class enterprise.

The The 20th National Congress of the Communist Party of China（CPC） Report put forward the idea of "promoting the great rejuvenation of the Chinese nation in an all-round way with China's modernization". Specifically, in terms of enterprise reform and development, it is to improve the modern enterprise system with China characteristics and accelerate the construction of world-class enterprises. "Modernity" is reflected in corporate governance, which is mainly to operate compliance management according to law, which is also an important content of the modernization of national governance capacity.

When the rule of law prevails, the country will prosper. First-class enterprises must be guaranteed by first-class rule of law. Under the background that the current international competition is increasingly reflected in the dispute between rules and laws, the domestic and international environment and risk challenges faced by China enterprises are increasingly complex and severe. It is necessary to ensure that the task of reform and development is steadily advanced on the track of the rule of law and accelerate the improvement of the legal and compliance management level of enterprises.

A strong enterprise makes a strong country. Building a world-class enterprise is an inevitable measure to accelerate the promotion of industrial competitiveness, innovation competitiveness and core competitiveness of enterprises and promote economic transformation and development under the background of China's transition from a high-speed growth stage to a high-quality development stage, and it is also the need to build a new development pattern.

Compliance is the boundary and red line of enterprise management, and it is also the premise and basic goal that enterprises need to follow. Constantly strengthening enterprise compliance management has become a new trend of global market competition. One of the important reasons why world-class enterprises do well in compliance management is to really embed compliance requirements into the whole process of operation and management. Compliance management is the only way for China enterprises to enter the international market, conform to international economic and trade rules with high standards, create a modern, market-oriented, international and legalized business environment, and build a world-class enterprise.

"The elders who seek wood must consolidate their roots." In order to thoroughly implement the strategy of comprehensively administering the country according to law, deepen the construction of central enterprises ruled by law, promote central enterprises to strengthen compliance management, effectively prevent and control compliance risks, and effectively ensure deepening reform and high-quality development, the State Council SASAC issued the Measures for Compliance Management of Central Enterprises. It provides guidance for further promoting compliance management of enterprises operating according to law, improving the ability and level of compliance management, and accelerating the construction of enterprise compliance management system. It is of great significance to promote central enterprises to effectively strengthen compliance management, focus on building central enterprises ruled by law, build world-class enterprises and achieve high-quality development.

Enterprises should actively strengthen the construction of the rule of law, establish and improve the compliance management system as soon as possible, and realize the organic combination of "heteronomy" and "self-discipline". As an entrepreneur, we should aim at compliance management, identify with compliance value, support compliance construction, and formulate a complete set of compliance management mechanism and business code of conduct, including laws and regulations, business ethics and internal normative documents that enterprises should abide by in every field and every operation link, so as to make compliance ideas, concepts and culture deeply rooted in people's hearts and create a good compliance atmosphere within enterprises.

Strengthening the legal system construction of enterprises and effectively improving the compliance management ability of enterprises are conducive to maintaining and increasing the value of enterprise assets, improving the market competitiveness of enterprises and making enterprises stronger, better and bigger. In the new journey of building a socialist modern country in an all-round way, it is urgent to improve the modern enterprise system with China characteristics. Compliance management is the cornerstone of the healthy development of enterprises, an effective way to enhance the core competitiveness of enterprises and an important guarantee for building world-class enterprises.