Today CREATe presented in a China Business Review Webcast focusing on the protection of intellectual property (IP) and corruption prevention.
Led by David Hoffman, Vice President and Managing Director at The Conference Board China Center for Economics and Business, and Pamela Passman, President and CEO of CREATe.org, the webinar addressed the current environment for companies working in China, challenges of protecting IP, and new approaches for companies seeking to improve practices among suppliers and business partners.
Hoffman shared his perspectives on potential changes in China in the business environment for global companies based on the new leadership. He also discussed challenges to protecting IP. These include:
- Lenient penalties for infringement
- Inconsistent enforcement
- Immature management systems within companies
The issues are daunting and he believes they could become more challenging if the government takes a more state-dominated approach. However improvements are also possible should China look to increase foreign direct investment.
Passman further discussed the risks of not managing IP and anti-corruption compliance and shared insights into how global companies today are working to build a culture of compliance by helping suppliers and business partners build management systems to improve processes for IP protection and anti-corruption.
To access the webinar, please click here.
Learn more about CREATe’s Leading Practices on our tools and training page. CREATe is participating in another webcast on Monday, December 3rd at 3 pm Eastern. The hour-long session will be in conjunction with The Conference Board and will cover insights from a Research Working Group survey and report on Safeguarding IP and Preventing Corruption in the Supply Chain.