Making the Right Move: Compliance Considerations for Manufacturing SMEs in China

  • Date
    25 October 2024
  • Beijing Time
    16:00 - 18:00
  • Brussels Time
    10:00 - 11:30
  • Location
    Nanjing
  • Venue
    Sofitel Nanjing Galaxy Suning 索菲特苏宁银河大酒店 8F, Jade Room, 9 Shanxi Road, Nanjing 山西路9号8楼翡翠厅
  • Open to
    All European SMEs
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For small and medium-sized enterprises in the manufacturing sector, corporate compliance management is gradually becoming a topic of critical importance within the current business environment. Compliance is not only a key factor to companies’ economic interests; compliance issues can also affect companies’ reputation and sustainability.

On ESG in particular, SMEs in China face significant challenges in navigating the complex regulatory landscape. They are also often constrained by limited resources. Addressing these challenges is crucial for ensuring long-term sustainability and compliance with the regulations. By focusing on operational ESG strategies, SMEs can better align with environmental, social, and governance requirements, which are also increasingly demanded by stakeholders. This includes adhering to stringent EHS (Environmental, Health, and Safety) requirements. Prioritising ESG initiatives not only helps SMEs meet regulatory demands more effectively. It also fosters sustainable growth and improves companies’ overall impact on society and the environment.

Therefore, it is essential to outline and discuss the compliance challenges encountered by manufacturing SMEs. These challenges exist for companies already operating in China, as well as for those planning to enter the market. Issues can arise in procurement, supply chain, sales, digitalisation, as well as ESG. It is thus important for SMEs to identify commonalities and solutions for success. This workshop will discuss these needs and provide useful information for the everyday operations and compliance issues of SMEs.

Agenda (China Standard Time)

16:00–16:05

Opening remarks
Filippo Pallaroni, Training Centre Coordinator, EU SME Centre
Dr. Florian Hobelsberger, Board Member, EUCCC Nanjing Chapter

16:05–16:30

Compliance Management in Key Operational Processes When Manufacturing in China from a Financial Perspective
Keynote presentation by Ivy Gu, Senior Manager, Audit and Corporate Accounting Services, Dezan Shira & Associates

16:30–16:55

ESG Compliance: Managing Regulatory Compliance Excellence in China for a Sustainable Future
Keynote presentation by Dominik Nowak, Managing Director, Eticor International

16:55–17:25

Panel discussion and Q&A
Compliance Considerations for Manufacturing SMEs in China
Moderator:
Dr. Florian Hobelsberger, Board Member, EUCCC Nanjing Chapter

Panellists:
Ivy Gu, Senior Manager, Audit an Corporate Accounting Services, Dezan Shira & Association
Dominik Nowak, Managing Director, Eticor International

17:25–17:30

Closing remarks

17:30–18:00

Networking session

Speakers and panellists
Ivy Gu
Senior Manager, Audit and Corporate Accounting Services, Dezan Shira & Associates

Ivy Gu is a Senior Manager at the Shanghai office of Dezan Shira & Associates, where she leads the Audit (Shanghai) and Corporate Accounting Services (Suzhou) teams.

She assists clients in the areas of corporate accounting, financial audit, annual audit (including China GAAP, US GAAP, and IFRS standards), internal financial review, due diligence and internal control review.

Ivy graduated from the University of Exeter in the United Kingdom with a master’s in finance and management. She is a Certified Public Accountant (CPA), member of the Association of Chartered Certified Accountants (ACCA), and a member of the Chinese Institute of Certified Public Accountants (CICPA).

Dominik Nowak
Managing Director, Eticor International

Dominik Nowak advises international projects and partners at Eticor concerning the digitization of compliance. In his capacity as Managing Director of Eticor in the People’s Republic of China and the designated point of contact for global partners, he navigates the evolving complexities associated with country-specific requirements and organizational compliance matters.

With a distinguished professional background, Dominik Nowak has held key roles such as Managing Director, Project Manager, Manager, Advisory Board member, and Consultant across diverse industries including industry services, consulting, electrical engineering, wind power, software, mechanical engineering, and trade. His extensive experience spans regions such as Europe, Asia, North America, and Africa, providing him with a comprehensive understanding of business dynamics and cultural challenges.

Dominik Nowak has pursued academic excellence, earning a master’s degree in Germany and an MBA in New Zealand, with a specialized focus on sustainable business development. His academic achievements contribute to his multifaceted approach in addressing contemporary business and compliance challenges on a global scale.

Florian Hobelsberger
Board Member, European Chamber Nanjing

Florian Hobelsberger is the CEO of the Asia Business Unit at Diehl Controls, one of the world’s leading electronic suppliers in the home appliance and HVAC/R industry, with entities in Nanjing and Qingdao.

He oversees the business unit’s strategic and operational management and ensures company compliance. In his former career, he gained extensive experience across various industries and roles, e.g., Strategy, Business Development, Finance, HR and IT.

Florian graduated in business administration, holds an MBA and concluded his doctoral research with a dissertation about subsidiary autonomy, internal compliance behavior and subsidiary performance impacts at European MNCs’ subsidiaries in China under institutional duality.

Filippo Pallaroni
Training Centre Coordinator, EU SME Centre

Filippo Pallaroni is the EU SME Centre Training Centre Coordinator. He organises and oversees the implementation of hybrid workshops and webinars for the Centre.

Filippo is an Italian young graduate interested in EU-China trade relations and their geopolitical implications. Starting with a focus on the Italian economic presence in China, he has expanded its range of interest to European SMEs and their role in the Chinese market.

Filippo holds a master’s degree in International Governance and Diplomacy from SciencesPo Paris and Peking University together with a BA in International Relations from the University of Bologna.

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