| With China’s Basic Standard for Enterprise | | | | can provide targeted information to specific users. |
| Internal Control (C-SOX or “China SOX”) | | | | The benefit of this is that you can provide exactly |
| coming into effect soon, many companies in China | | | | what the learner needs, no more and no less. |
| are struggling to develop an appropriate training plan | | | | Considering the complexity of corporate governance, |
| for how to educate their workforce about this new | | | | many employees just need to know the basics. |
| rule. | | | | However, top managers will need much more detail |
| The biggest challenge for companies adopting China | | | | on how to implement corporate governance |
| SOX is to improve their corporate governance. For | | | | principles. |
| China SOX to really succeed, companies have to | | | | 3) Delivery system. Use a learning management |
| embrace sound corporate governance as a concept | | | | system (LMS) or similar tool to deliver the |
| and adopt it as a business strategy. | | | | content to your users. That way, it is easy to track |
| Training programs are needed to help drive the | | | | and manage and the training can be centrally |
| corporate governance principles mandated by the | | | | administered, no matter how large and dispersed the |
| Basic Standard for Enterprise Internal Control. But | | | | organization. In addition, the LMS can be used as a |
| given the complexity of corporate governance and | | | | communication tool and document repository. |
| its many aspects, where should companies start? | | | | 4) Reporting. Unlike traditional classroom training, |
| Online training (e-learning) is a powerful tool to | | | | powerful reports can quickly be generated from |
| improve corporate governance. Here are 5 ways | | | | e-learning. This helps for analysis and evaluation of |
| that e-learning can help improve corporate | | | | your training results, ROI and reach. Detailed |
| governance and lead to China SOX compliance: | | | | analytics are possible once you have done the |
| 1) Good content. Start with relevant content | | | | training several times and can match it up against |
| developed by corporate governance experts. The | | | | business results (in this case, compliance with China |
| courseware should be relevant to Chinese companies | | | | SOX). |
| and provide an overview of the main benefits and | | | | 5) Cycle as needed. Training is only effective if it |
| implementation strategies of good corporate | | | | is reinforced over time. Online learning means that |
| governance. Users should be able to take the | | | | you can provide reinforcement in small amounts to |
| e-learning course at their own time and at a | | | | your audience to make sure they are keeping up. |
| reasonable length (a best practice is to break up the | | | | The marginal cost of additional training is basically |
| courses into 10 – 15 minute modules). | | | | zero, which makes it much more cost effective than |
| 2) Segment your user base. With e-learning, you | | | | traditional instructor-led training. |