Beijing New Century Academy on Transnational Corporations (NATC)
NATC's Collective Action Initiative - Fostering a Better Business Environment in China
| Country of implementation: | China |
| Duration (in years): | 3 years |
| Funding volume in US-Dollar (million): | 0.89 M |
| Registered in: | China |
Project Summary
NATC will provide practical training to Chinese companies on compliance issues and develop and present recommendations on compliance law to Chinese policy makers.
The initiative will work to improve legal compliance within Chinese companies, make recommendations to improve compliance policy issued by governmental departments, and bring leaders from these groups into closer communication with one another. To support a long-term dialogue on ethical compliance in China, NATC will establish a ‘Compliance Executive Club’ whose members will range from government officials to business executives. To address some of the issues that come up in pursuing organizational compliance, NATC will publish a guide for organizational compliance and hold tailored training workshops to improve compliance results. For daily support and information, a compliance website will be established and maintained. The website will contain a thorough database of compliance information. To improve compliance policy, NATC will develop and present research-based policy recommendations to the departments responsible for such policy.
Description of Integrity Partner
NATC is a non-profit organization duly formed in 2005. Before this time, it was a part of the Ministry of Commerce (MOFCOM). In January 2005, the Ministry of Commerce’s Chinese Academy of International Trade and Economic Cooperation (CAITEC) and the Beijing Fazheng Group co-founded the newly structured NATC. The employees consist of researchers, retired governmental department leaders, and other professionals and consultants.
Currently, NATC has four main objectives in its work:
- Identify and research problems in Chinese business practice and government administration
- Provide policy recommendations to the Chinese government that produce results in promoting a better business environment
- Aid Chinese companies in strengthening legal compliance and undertaking comprehensive social responsibility
- Bridge open dialogues with policy makers and other stakeholders
Beijing New Century Academy on Transnational Corporations (in Chinese)
This project is supported by Siemens as part of the Siemens Integrity Initiative.
Source: Project profile provided by the Integrity Partner
