On the afternoon of November 4, Yuchai Machinery Co., Ltd. (Yuchai Machinery) held a special training on overseas anti-corruption acts, inviting Li Min, executive director of Ernst & Young's Fraud Investigation & Dispute Services, to teach related knowledge. Corporate leaders including Wu Qiwei, Ning Xingyong and Zhong Yuwei, along with relevant staff of all entities under the company, attended the training.
At the training, Li introduced the anti-bribery provisions of US Foreign Corrupt Practices Act (FCPA), accounting treatment, bookkeeping and internal control, and mentioned relevant laws and regulations such as the UK Bribery Act and the US Dodd-Frank Act. She helped the attendees take in the current situation through the key anti-corruption events in China, Malaysia and Singapore in recent years, and answered their questions based on actual cases.
According to the source, the background that Yuchai Machinery's controlling shareholder Yuchai International has gone public in the USA decided that the advancement of Yuchai's overseas strategic cooperation will be restricted by FCPA. The training is aimed to enrich cadres' knowledge of US foreign corrupt practices laws and regulations, enhance their awareness of clean practice and further advance the company's anti-corruption work.