DNV Industry is working with the Chinese central government on setting guidelines for rating risk amongst centrally controlled enterprises.
‘The Study of Assessment Standards and Maturity Rating for Risk Management of Enterprises under Central Government’ is a joint project that DNV signed with the powerful State-Owned Asset Supervision and Administration Commission (SASAC).
This government unit reports directly to China’s highest policy body the State Council and represents the state’s interests as a shareholder in centrally controlled enterprises. In other words, SASAC acts as a guardian and watchdog over the state assets that are held by the country’s state-owned enterprises. “SASAC’s Research Centre gives guidance on the topics and policy direction. DNV provides powerful technical competency through rich experience and advanced tools for maturity assessment.
No doubt there is a potent co-operation with potentially far reaching impact,” said Sangem Hsu, Business Development Director of Region Asia and Australia. The project with DNV is one element of SASAC’s broader policy entitled ‘Guidance of Wide Risk Management of Enterprises under Central Government’. DNV Industry’s counterpart is SASAC’s Research Centre. In the first half of 2007, the two parties have visited and carried out investigations at a number of enterprises under the central government. From June to October 2007, the joint research team has chosen some representative enterprises as the trial units for maturity appraisal.
A written summary entitled “Report on Assessment and Study of Risk Management Appraisal Standard and Maturity of Enterprises under Central Government” will be completed by December 2007. This jointly compiled research effort will be distributed by the Research Centre’s Academic Committee with the objective of providing professional and authoritative reference for risk management and maturity appraisal of enterprises under central government.
Contact DNV in Greater China to receive your own copy of the DNV Greater China Update 2007 issue 2 in the mail.