Core Insights - The 47th Annual Conference of the European Accounting Association highlighted the importance of corporate governance and sustainable development in the context of internationalization for Chinese enterprises [1] - The increasing complexity of the international environment poses significant challenges for Chinese companies, making corporate governance a critical factor in managing cross-border operational risks [1] Policy and Legal Risks - The EU has established a systematic investment review mechanism for Chinese investments, and trade protection tools are continuously evolving [2] - The introduction of the concept of "serious distortion" into trade remedy tools signifies a shift in the EU's approach to trade with China [2] - Compliance risks for European companies have expanded beyond financial and operational compliance to include systematic ESG (Environmental, Social, and Governance) compliance requirements [2] Risk Management Strategies - Companies are advised to adopt proactive measures in corporate governance and risk control, such as localizing governance structures and enhancing ESG governance concepts [2] - Establishing a comprehensive risk management system is essential for evaluating and monitoring overseas risks [3] Governance Structure and Risk Assessment - Companies should strategically select entry modes and design equity structures based on the risk levels of target countries to minimize overseas governance risks [3] - A robust overseas governance risk assessment system should be established to regularly identify and analyze risk factors, ensuring real-time monitoring and feedback [3] Compliance and Internal Control - A tiered compliance management system is necessary to ensure adherence to international rules and local laws, preventing significant losses from violations [4] - Effective internal controls and dynamic risk warning mechanisms are crucial for safeguarding assets and ensuring operational stability in international markets [4] Conclusion - Chinese enterprises need to transition from merely exporting products to exporting governance, creating a governance system that balances efficiency, compliance, and cultural recognition [4] - Institutions like the University of International Business and Economics are actively contributing to research and providing intellectual support for Chinese companies' internationalization efforts [4]