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Huafon strictly abides by national policies, laws and local government’s regulations to conduct lawful business operation, strengthens anti-corruption education, strengthens auditing supervision, effectively prevents legal risks and ensures production and operation running smoothly.
Risk management has been permeated into our business fields and business units. We further strengthen effective operation of risk management system, and identify, assess and control business risks through risk management framework covering the whole Group.
Group company compiles “Final Account Settlement Auditing Methods for Investment Projects of Huafon Group”, “Post Investment Project Evaluation Work Approaches of Huafon Group”, which state that Group company is fully responsible for all major purchased items, and anti-corruption rules are formulated for purchasing staff.
Group company specially sets up legal department, employs professional legal talents, strengthens legal team construction, formulates “Provisional Rules of Contract Review For Subsidiaries of Huafon Group Company”, and conducts unified management upon contracts, project negotiation and legal disputes stipulated by Group company.
Auditing department submits “Budget and Final Account Auditing Program For Project Investment” to the leader in charge, further standardizes project bidding, project construction and equipments purchasing etc., timely deals with any problems that have been found.
