On November 14, 2024, Compliance Conference 2024: NAVIGATING COMPLIANCE IN A CHANGING REGULATORY LANDSCAPE organized by the European Union Chamber of Commerce in China ( “European Chamber” ) was held successfully. The conference covered several topics on China new Company Law and executive liability, whistle-blowing program, business ethical standards and compliance culture, including three panel discussions joined by corporate legal and compliance practitioners from multinational companies. As one of the sponsors and participants, Global Law Office (Shanghai) fully joined the event with European Chamber member MNCs and other participants.

Dr. Kevin Wang from Global Law Office gave a keynote speech on “Obligations and Liabilities of Executive Team under New China Company Law”. The New China Company Law has introduced changes to the obligations and liabilities of executive officers with MNCs. The shift in legal framework necessitates a thorough re-evaluation of corporate governance structures and decision-making processes. Dr. Wang explained the imminent litigation risks of executives under the new Law from three aspects: key provisions, direct and indirect risks of corporate officer litigation, and practical scenarios of corporate governance cases. He offered insightful suggestions on risk mitigating measures for MNCs in China with compliance mechanisms for safeguarding their executives. Dr. Wang's presentation received a lot of positive feedbacks from the event guests and MNC members. And they agreed that it was truly inspiring and raised a critical point for executives to think over how to navigate through the complex interplay between legal obligations, ethical considerations, and corporate governance in the Chinese business environment.

Over 70 executives, heads of legal & compliance departments, compliance officers and lawyers from leading multinational companies, law firms and other organizations attended this event.