The Fourth Financial Crisis

Chapter 44 Internal Reporting System

Chamber of Commerce management is inherently troublesome.

But when things got to this point, Yang Lu had no chance to back out, so he had to bite the bullet and said: "Talent is the foundation of the Chamber of Commerce, but I also know that the problem of lack of talents in the Qingning Chamber of Commerce will not be solved for a while, so we can only use some Temporary means.”

Li Qingning's eyes immediately became hot: "As long as there is a way, it's okay as long as you say it!"

The staff of the Qingning Chamber of Commerce are all mediocre people. Facing Li Qingning, a high-ranking cultivator, most of the clerks can't even speak clearly. Even if there are a few mortals who can speak clearly, most of them can only ask for instructions. and admitting mistakes.

After all, Yang Lu was a modern person, and he instinctively believed that all people are created equal. This attitude of taking the initiative to share the boss's worries immediately raised Li Qingning's favorability to another level.

Hearing the beautiful young lady's shameless questioning, Yang Lu sighed and said, "There are many ways. The simplest, crudest and most immediate way is to establish an internal reporting system!"

The internal reporting system Yang Lu mentioned is also a system innovation that has been vigorously promoted by the U.S. Securities and Exchange Commission (SEC) in recent years.

Compared with the supply chain corruption problem of the Qingning Chamber of Commerce, the financial corruption problem in the earth's capital market is more difficult to deal with.

This is because financial crime is highly professional. Even regulators with financial backgrounds will find it difficult to detect signs of financial corruption if they have not handled specific business.

The internal reporting system has been proven by the U.S. Securities and Exchange Commission (SEC) to be a very effective anti-corruption method.

The principle behind it is simple: no matter how secretive the financial crime method is, it is difficult to hide it from the eyes of peers, associates, upstream and downstream business partners, and even competitors.

In most cases, whether these insiders will report financial crimes is actually a question of cost-effectiveness. Therefore, the idea of ​​​​the US Securities Regulatory Commission is quite simple and crude. As long as I raise the reward high enough, I can ensure that your closest people betray you!

Since the first "whistleblower bonus" was issued in 2012, the SEC has awarded huge sums of more than US$500 million to 83 whistleblowers, and in the first half of 2020, it issued a bonus of up to US$50 million. Record reporting bonus.

How many normal people can resist the temptation to become a billionaire by reporting on their peers?

Many people wish they could even sell their biological father!

The huge anti-corruption effect brought about by this reporting system soon attracted countries around the world to imitate it.

Of course, a large Eastern country has also learned from this system. Unfortunately, the maximum reward for whistleblowers of securities violations in this country does not exceed 300,000 yuan, which is so insignificant compared with the illegal amounts that can easily reach hundreds of millions of yuan.

For fear of retaliation from illegal entities and unreasonable leeks, whistleblowers have no motivation to provide information to regulatory agencies. Instead, they will choose to be complicit or even extort.

This may be the so-called southern orange and northern orange!

Yang Lu believes that establishing an internal reporting system in the Qingning Chamber of Commerce may even be more effective than the US Securities Regulatory Commission.

After all, the Kyushu cultivation world is not US imperialism, and there are not so many lawsuits and legal procedures. As long as the crime of corruption is proven and the contract between labor and management is violated, the family of the perpetrator can wait to collect the body.

Although cultivators in this world cannot act arbitrarily due to the merit system of heaven, they still do not regard mortals as human beings in their hearts. As long as mortals lose the protection of heaven, cultivators will kill people as easily as trampling on an ant!

Beyond this, supply chain corruption is a natural fit for whistleblowing systems.

A very important regulatory difficulty in financial corruption is that there are often no specific victims.

For example, after many people lose money in the stock market, they often feel that they are unlucky. In fact, they have no idea that they were cut off by capital players involved in insider trading. Even if these money-losing leeks want to find someone to report, they still don’t know who cheated them.

But supply chain corruption is different. Procurement is a highly exclusive behavior.

Manufacturer A becoming a supplier of the Qingning Chamber of Commerce often means that manufacturers B and C lose orders from the Qingning Chamber of Commerce.

If manufacturer A wins by normal means of competition, that's fine. But if manufacturer A wins by abnormal means of competition, both manufacturers B and C will have sufficient motivation to report it.

As a leader from far away, Li Qingning may not be able to figure out the collusion between manufacturer A and the purchasing department, but as manufacturers B and C in the same industry, wouldn't they know?

Although the principle of the internal whistleblowing system seems very simple, its operation is quite complicated.

For example, in most cases, three manufacturers A, B, and C may bribe the purchasing department at the same time. Manufacturer A wins in the end, most likely just because it bribes the most. If manufacturer B reports manufacturer A, it will often lead to both parties perishing. As a result, even if manufacturer B suffers a painful loss, it will only choose to swallow its anger.

For another example, in order to prevent Manufacturers B and C from reporting, the purchasing manager who accepts bribes will often reward them based on their bribe amount and give them part of the order. In this way, they will be silenced instead of kicked out directly.

Therefore, in the specific practice process, the actual situation must be fully taken into account and the reporting rules must be fine-tuned.

Even if Yang Lu tells Li Qingning the principles of the internal reporting system, she may not be able to operate it well. This is why Yang Lu insists that management is a practical art, not a theoretical science.

Yang Lu also intended to impress this beautiful young lady.

In order to explain the truth clearly to Li Qingning, he not only broke the truth into pieces, but also cited cases of bribery by medical device companies that he had investigated to illustrate the problem.

After hearing this side story, Li Qingning's beautiful eyes were filled with sparkles. Even Butler Zhou, who had just handed the tea to the two of them, was attracted by Yang Lu's eloquent speech.

After Yang Lu finished his long speech, Li Qingning was already thirsty and decided without saying a word: "Consultant Yang has a profound knowledge of management. I think the internal system reform of the Qingning Chamber of Commerce can be left to you!"

Yang Lu didn't expect Li Qingning to be so decisive in letting go of the boss.

In the Internet novels on Earth, it is the protagonist's privilege to be the shopkeeper. The specific work is done by the supporting characters and his wife. In the end, it is his turn. As we continue chatting, he will become Miss Li's tool. Already?

He quickly declined: "I'm new here, this..."

Li Qingning didn't give him a chance to refuse, and immediately interrupted: "I believe in your ability! Even I have to learn from you!"

Yang Lu was also dazzled by Li Qingning's beauty. When he heard that the other party wanted to learn from him personally, he immediately became energetic: "Since the eldest lady trusts her so much, I will be disrespectful!"

Housekeeper Zhou saw that his eldest lady trusted Yang Lu, a strange mortal, and wanted to say something. Unfortunately, Li Qingning was in high spirits and could not allow anyone else to interrupt.

She immediately spoke first: "Uncle Zhou, I have the foresight! If I hadn't written to City Master Jiang, how could City Master Jiang send such talents to our Chamber of Commerce!"

At this point, Li Qingning actually thought that Yang Lu was sent by Jiang Hua'an. Thinking of this, Yang Lu and Butler Zhou looked at each other and saw the speechlessness in each other's eyes.

But turning around, Butler Zhou immediately said sincerely: "The eldest lady is still wise, I am convinced!"

Not to be outdone, Yang Lu immediately followed suit: "Miss, you don't trust people when you hire people, and you don't use people who are suspicious. I admire you very much!"

The eldest lady's face turned red after being praised by the two. She smiled and waved her hands and said: "Haha, no, Mr. Yang is still the most talented. I just played a small leadership role, haha, haha!"

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