• Coming Conflict with China: Part 5-Good Compliance Is Good Business

  • Mar 27 2023
  • Length: 13 mins
  • Podcast

Coming Conflict with China: Part 5-Good Compliance Is Good Business

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  • Summary

  • In the short span of the 21st Century, the world’s two top powers, the United States and China, have moved inexplicably towards a showdown. This evolved from a commercial competition into something more akin to permanent non-kinetic warfare. What does this mean for US business doing business in and with China? In this special 5-part series, Tom Fox and Brandon Daniels, CEO of Exiger, a global leading third-party and supply chain management software company, explore issues diverse as real danger, supply chain, exports, cyber-attacks and IP theft from the business perspective and give the compliance and business executive their viewpoints on what you can do to not only prepare your company but protect it as well. In concluding Part V, we consider the roles of governments, businesses and thought leaders in leading the US business efforts in this coming conflict. After uncovering a "constellation of disconnected issues" that are actually interconnected, Brandon Daniels must use regulation, funding and evangelism to incentivize public markets, combat the cyber threat and prevent conflict with China in order to protect national security. We discuss the importance of good compliance to good business; explore the government's role in regulating cyber security, funding infrastructure upgrades, and incentivizing public markets and the role of businessmen and thought leaders. He also noted how conflicts with China can put companies out of business and the essential role of compliance in weathering the storm. His ultimate conclusion was that "good compliance is good business." Key Highlights 1. How has the government's role changed in responding to the constellation of interconnected business and legal issues present today? What role do the public markets play in incentivizing investments in new technology and alternative energy? How can a company ensure good compliance to ensure good business? Notable Quote "Good compliance is good business - we saw that so unbelievably clearly during the pandemic, and I think we could learn something from an old adage and renew that view that good compliance process is good business process." Resources Exiger Tom Fox  Connect with me on the following sites: Instagram Facebook YouTube Twitter LinkedIn Other episodes in this Series: Episode 1-From Potential Conflict to Real Danger Episode 2-Supply Chain Issues Episode 3-Exports and Rebalancing the Global Economy Episode 4-Cyber Spying and IP Theft
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