Info for New Members - About VDMA CEO Breakfast

The CEO Breakfast series is aiming for Top Executives from VDMA members in China to inform them about current lead topics that affect their businesses.

In cooperation with selected industrial and business experts the target is to provide a CEO Breakfast series to VDMA members who are having concerns and need strategic guidance for their operations in China. During the breakfast time you will have this unique opportunity to exchange ideas with your peers and learn from the experts and from each other.

Objective:

At the end of 2023, China's legislature passed comprehensive revisions to both the Company Law and the Criminal Law of China. While the focus in the first weeks of 2024 was mostly on the many notable changes introduced by the revised Company Law, such as the reintroduction of the capital contribution timeline, the new audit committee, or the requirement to include employee representatives on the boards of large-sized companies. It is becoming increasingly clear that the strengthened care and diligence requirements for directors, supervisors, and senior management, combined with the potential of criminal liability, will demand even more attention and engagement in the future.

In this event, we will therefore discuss what directors, supervisors, and senior management of FIEs should know about the revised laws and what they can do to stay compliant and ahead of the developments.

Presentation outline:

1. Short introduction to China's revised Company Law and Criminal Law

2. Who is included as a director, supervisor, or senior management

3. New diligence and care requirements under the revised laws

4. New civil and criminal liability rules

5. What directors, supervisors, and senior management can do to stay compliant

Notice:

-VDMA Members Only

-Seats are limited to only 18 seats, we will act according to the First Come, First Serve principle.