Recently, the Third (2024) National Power Enterprise Compliance Management Experience Exchange Conference, hosted by the China Enterprise Evaluation Association, was held in Qingdao. The achievement submitted by Railway Equipment Company in 2023, titled “Building a Collaborative Compliance and Risk Control Operating System for Railway Equipment”, was awarded the Grand Prize.
The achievement is built upon an integrated compliance management system guided by the principles of “compliance risk as the orientation, adherence to legal and compliance standards as the bottom line, process control as the focus, system monitoring as the means, and performance evaluation as the tool”. This system effectively harnesses managerial synergy, achieving seamless integration and collaborative operation across various management frameworks. By identifying compliance risks along management chains and reinforcing the management foundation in alignment with business lines, the system defines 15 key compliance management areas relevant to production and operations. It has also identified 269 compliance risks, compiled three comprehensive compliance management lists, developed 12 types of specialized compliance guidelines, and established compliance responsibilities for 56 critical positions. The system successfully integrates compliance requirements into process workflows, institutionalizes compliance control processes, and aligns compliance responsibilities with specific roles, thereby fully implementing the requirement that “compliance management must be included in business operations management”. Risk pre-control has been strengthened through early warning indicators, with 61 compliance early warning indicators established, enabling timely risk alerts and proactive prevention, and ensuring compliance risks are managed in advance to safeguard the “red lines” of compliance management. Performance evaluation mechanisms were leveraged to ensure results were implemented. A Compliance Responsibilities Checklist and a Compliance Assessment Checklist were formulated to detail 272 assessment items. Compliance evaluations were integrated with departmental and position-specific performance assessments, enhancing accountability for compliance management, reinforcing oversight mechanisms, and guaranteeing the practical implementation of compliance management requirements. Through the application of the achievement, Railway Equipment Company has embedded compliance reviews into critical business links and integrated compliance management requirements into business workflows, contributing to seamless alignment with management and control processes, including the decision-making mechanism highlighting “Three Majors and One Importance” and other business approval procedures, achieving an in-depth integration of compliance and business management. The application has supported the achievement of safe operations for 8,607 consecutive days, setting a new record for extended safe production periods. It also ensured the successful completion of key annual tasks, including the centralized overhaul of the Dazhun Line, playing a pivotal role in driving the high-quality development of the company.
In recent years, Railway Equipment Company has adhered to the principle of governing the enterprise under laws and regulations, thoroughly implementing the compliance management requirements of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Focusing on preventing and resolving major risks and accelerating the establishment of a world-class enterprise, Railway Equipment Company has deepened the integration of business operations and legal compliance and has attached great importance to the role of compliance management in consolidating foundations, ensuring stable expectations and delivering long-term benefits. Railway Equipment has positioned the approaches of “strengthening compliance, controlling risks, and promoting management” as the critical measure to ensure the company’s stable development. These efforts have contributed to multiple management achievements, continuously enhancing the company’s capability in legal and compliant operations and providing robust support for the company’s compliant operations and healthy development.
