Envisioning Responsible Business Strategies and Corporate Compliance in China
Аннотация
ABSTRACT China has enacted laws to strengthen compliance while noncompliance could lead to personal liability and limit a company's market access. These developments emphasize the relentless need for compliance strategies in the boardroom. This research presents a novel qualitative study into corporate responsibility, fraud, regulatory development, and sustainability by exploring drivers of China's corporate compliance. Using the Nominal Group Technique, a group of eight senior corporate compliance managers participated in four stages of data collection and identified the top five corporate compliance drivers: Sustainability, Awareness, Framework, Business Integration, and Leadership. These are examined in regard to their relevance to CSR and responsible business strategies. The findings of the study provide practical and theoretical contributions.