Search Results for: business

CHINA｜Managing Employees with COVID-19

Under class B, employees diagnosed with COVID-19 should be managed under the company policy for sick leave.

Companies can determine work from home according to the individual’s symptoms. Though it is essential to establish policies to manage employees’ sick periods and work resumption efficiently.  With the downgrade companies should transit from epidemic prevention to standard sick leave management.

Below, we outline what companies should know about adopting policy changes in the workplace and managing employees with COVID-19 under Class B.

Legislative Background

From […]

Read more

CHINA | Second Draft Revision of the Company Law

Significant revisions in the second draft revision of the Company Law improve corporate governance and standardise market order.

The Company Law of the People’s Republic of China (Revised 2018) was revised and published in 24 December 2021 for public comments. A year later, the second draft revision of Company Law (‘Second Draft’) was released on 30 December 2022 for public comments and review.

The Second Draft significantly revises the current Company Law by furthering enterprise development, standardising the market, and improving […]

Read more

CHINA | Understanding Senior Executive Liabilities

In the governing body, the legal representative of a company in China holds full liabilities. However, senior executives in China, who do not simultaneously hold the legal representative role, can face civil or criminal liabilities.

Underestimating the role and responsibilities of senior executives can raise risks for both the individual and the company. Senior executives direct, plan, and coordinate the business operations of the company. And responsible for formulating the company’s policies and strategies. Hence, company violations can be […]

Read more