1. Establish and improve the auditing and internal control system: New Hope Group establishes and improves the auditing and internal control system to comprehensively monitor and manage the business activities of the enterprise. Ensure the accuracy and transparency of financial statements, find and correct potential risks and losses, and ensure the comprehensive and sustainable development of enterprises.
2. Increase the information transparency of enterprises: improve the trust of family members and employees, and New Hope Group will disclose important financial information of enterprises to family members and employees in a timely manner. By publicly displaying the financial status and performance of the enterprise, family members and employees can better understand the situation of the enterprise, participate in the management and decision-making of the enterprise, and provide more reference for intergenerational inheritance.
3. Formulate family conventions: regulate the rights and obligations of family members in family businesses, and New Hope Group can formulate family conventions. Family convention can define the roles and responsibilities of family members, stipulate the governance structure and decision-making mechanism of family enterprises, and the inheritance methods and principles of family fortune. The formulation of family convention provides clear guidance for intergenerational inheritance and ensures the smooth transition and sustainable development of family businesses in different generations.