Business Strategies White Papers
Conversion of a Failed State-Owned Enterprise (SOE) to a Successful Wholly-Owned Foreign Enterprise (WOFE)
Overview One of the American multinational company in question is one of the largest food manufacturers in the world. China's growing demand for quality traditional foods made it necessary for the company to set up a network of manufacturing plants throughout China. The investigations revealed that senior Chinese executives were exerting personal influence in the purchase of raw materials and choice of suppliers, and that they were receiving additional and illegal salary compensation. This also supported the unique American anti-fraud requirements of the Sarbanes-Oxley Act. Other improvements included financial transparency, improved warehousing and distribution methods, a new staff compensation system and the introduction of a foreign IT/ERP System for overall control of China operations.
| Publisher | Fiducia | File Format | HTML |
|---|---|---|---|
| Date Published | March 2005 | Downloads | 8 |
| Format | Case Studies | ||
| Topics | |||
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