Recently, Changyi Petrochemical has been focusing on legal and risk management problems. It has continued to enhance its risk judgment and improve legal risk prevention management, paving the way for fast development. Its efforts have helped it earn recognition as a trustworthy company in Shandong province for many years.
The company stepped up management and checks on contracts. It asked all departments to sort out contracts and formulated a new standard contract model. It conducted regular contract checks to find and address existing problems. In 2013, the use rate of the standard contract model at Changyi Petrochemical has stayed at 100 percent.
At the same time, it strengthened contract management training. The company regularly carried out contract management training to improve employee awareness of legal risks and hammer home the importance of contract management.
It also enhanced legal risk management construction. The company optimized contract management procedures and strengthened training. It required all contracts to go through the OA procedure to get reviewed and approved.