Core Viewpoint - Xiaomi's internal work hour management policy has come under scrutiny due to reports of excessive working hours and potential violations of labor laws, particularly in relation to the upcoming EU regulations on forced labor [1][2][5]. Group 1: Internal Work Hour Policies - Reports indicate that Xiaomi enforces a strict work hour ranking system, requiring employees to average at least 11.5 hours per day, with some departments demanding up to 15 hours [1][5]. - Employees are penalized for working less than 8 hours in a day, needing to provide written explanations, which may create psychological pressure [6]. - External contractors are also subjected to rigorous work hour requirements, with daily minimums set at 11 hours [1]. Group 2: Legal Compliance Issues - Xiaomi's work hour policy appears to violate China's labor laws, which stipulate a maximum of 8 hours per day and 40 hours per week, with a maximum of 36 hours of overtime per month [2]. - The implementation of a work hour ranking system may constitute a form of "last place elimination," which is not compliant with labor laws [2][5]. - The lack of written documentation for work hour requirements suggests an attempt to evade legal accountability, raising concerns about the company's compliance practices [2][6]. Group 3: Implications of EU Regulations - The EU's upcoming "Forced Labor Prohibition Act" defines excessive working hours as a form of forced labor, which could classify Xiaomi's practices as illegal under EU law [3][5]. - The act requires companies to ensure that their entire supply chain is free from forced labor, which could complicate Xiaomi's operations if any part of its supply chain is found in violation [7]. - Xiaomi's brand image in Europe could be severely damaged if linked to forced labor practices, potentially leading to market access issues [7][9]. Group 4: Strategic Importance of the EU Market - The EU market represents a significant opportunity for Xiaomi, with a market share of around 15% in the competitive smartphone sector [9]. - Losing access to the EU market could not only result in direct revenue loss but also exclude Xiaomi from the global high-end manufacturing supply chain [9][10]. - Xiaomi's ambitions extend beyond smartphones, with plans to enter the European electric vehicle market by 2027, highlighting the strategic importance of compliance in this region [9].

重庆渝开发股份有限公司 合规管理办法 第一章 总则 第一条 为深入贯彻习近平法治思想，落实全面依法治 国战略部署，深化法治企业建设，推动重庆渝开发股份有限 公司（以下简称公司）加强合规管理，切实防控风险，有力 保障深化改革与高质量发展，根据《中华人民共和国公司法》 《中华人民共和国企业国有资产法》等有关法律法规，以及 重庆市国有资产监督管理委员会《市属国有企业合规管理实 施办法》（渝国资发〔2024〕15 号）等国资监管制度规定， 结合公司实际，制定本办法。 第二条 本办法适用于公司、全资及控股公司。 本办法所称合规，是指公司经营管理行为和员工履职行 为符合国家法律法规、监管规定、行业准则和国际条约、规 则，以及公司章程、相关规章制度等要求。 本办法所称合规风险，是指公司及其员工在经营管理过 程中因违规行为引发法律责任、造成经济或者声誉损失以及 其他负面影响的可能性。 本办法所称合规管理，是指公司以有效防控合规风险为 目的，以提升依法合规经营管理水平为导向，以公司经营管 理行为和员工履职行为为对象，开展的包括建立合规制度、 完善运行机制、培育合规文化、强化监督问责等有组织、有 计划的管理活动。 第二章 组织和 ...