Analysis Of China’s Corporate Integrity

Market economy is credit economy of the rule of law, economy, business integrityis the basis for its establishment is to ensure a solid market economy system, animportant factor. Along with China’s socialist market economy in recent years the rapiddevelopment of economic exchanges in good faith as a principle, and its importancemore and more significant. Integrity, while not technical, financial and other materialcosts as profits directly to the enterprise, but it is essential to a valuable businessresource, is a solid enterprise security, enterprise development, pushing the invisiblehand. Economic exchanges between enterprises as the main market, if you do not haveintegrity, can not survive. Integrity for sustainable development of enterprises, theeconomy has steadily increased significance. But the phenomenon has arisen at thisstage that the integrity of our business is not optimistic. The uproar is not only a ruinmelamine Sanlu Group, the dairy industry, and even social order have been affected.Frequent phenomenon of the calamitous consequences of the lack of good faith infinite,resulting in huge economic losses, reduced economic efficiency, increase the integrityof the economy. Lack of good faith acts like a plague invasion of our country’s socialisteconomy, but also on China’s social values and morality have a serious impact.Honesty has become a troubled enterprise development, critical issues that impedesocial progress.This article aims at the adoption of the enterprise credit status on the basis of theanalysis, analyse its reason deep, put forward the way of enterprise credit. The first isfrom the enterprise sincere letter concept and importance proceed with, from threeangles of enterprise integrity concept is summarized, that the integrity of the enterpriseis the core competitiveness of enterprises, it is market economy and the requirement ofeconomic globalization. The second is from the enterprise good faith flaw presentsituation, such as enterprise of outstanding bank loans, corporate fraud, deception ofconsumers between enterprises, listed company fraud and infringement of intellectualproperty rights, analyzes the enterprise credit absence damage enterprisecompetitiveness, has shaken the foundation of the market economy, there aredetrimental to the international image of China and the investment environment. Onthis foundation, analysed the reasons of lack of business integrity and nearly one step mining its deep roots. That lack of business integrity is generally because the enterpriseon the importance of credit lack of awareness, attention to corporate interests andignore the interests of society, enterprises and between enterprises property right mainbody vacancy information asymmetry. The underlying reason is because the socialatmosphere of honesty, the power of government to enter the market and legal systemis not perfect. Finally this paper puts forward the regulation of corporate integrity threepathways: self-discipline, heteronomy way way and a combination of both acomprehensive way. On the integrity of the enterprise not only to the regulation ofenterprises in the internal integrity theory of osmosis and the establishment of creditmanagement system, and the need for social and legal reform and supervision. Inaddition, to honesty and credit of enterprise regulation can also be employed to guild isdominant, State Department in support of an internal and external interaction of newway.