Financial Controls: When China Offices Go Wrong

During my time in China, I have heard more than a few stories of where one partner/ manager lost control of their finances in a way that was company/ project killing.

Perhaps it was an underling that figured out a loophole, a business development manager spending too much time at the KTV, a purchasing manager kicking back, or something more creative …

It is something that few spend enough time on, and fortunately there are people like my good friend Jay Boyle who have spent time in China working with firms in understanding the risks, and planning for them.

and fortunately, our good friends will publish an article that I can link to as a way to serve up the subject.

When China Offices Go Wrong - How to Implement Effective Financial Controls was written by Jay and one of his colleagues Julie Yang, and for managers who actually manage money, I would suggest spending the time reading the article as the advice Jay and Julie are giving is based on a long track record of due diling in China.

In their mind, implementing a program is: