Lixin Mechanism (Integrity Guarantee Mechanism) - World Credit Organization

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ICE8000 credit knowledge column
  • 1. "Introduction to ICE8000 Credit Knowledge"
  • 2. "Building an Integrity Unit——ICE8000 Integrity Management"
  • 3. "ICE8000 Credit Investigation, Analysis, Rating"

    • 9.6 Lixin Mechanism (Integrity Guarantee Mechanism)

    9.6.1 Composition of ICE8000 Lixin Mechanism

    ICE8000 Lixin Mechanism, also known as Integrity Guarantee Mechanism. The following elements of the ICE8000 system build a credit guarantee mechanism for the society.

    1. Guarantee of identity authenticity

    According to the ICE8000 standard, the true level of the identity of the certified unit or individual will be clearly displayed in the credit file or credit identity certificate.

    Second, Guarantee for the cost of dishonesty

    Individuals who have established trust, units that have established trust, and corresponding high-level personnel have made a commitment to integrity and compliance with the ICE8000 system with additional CS clauses, and have taken an oath of conscience. If it breaks promises, it will bear severe responsibilities for breaking promises. According to the ICE8000 system, the liability for breach of trust includes punitive compensation, so the cost of breach of trust is much higher than that of untrustworthy organizations.

    3. Guarantee of organizational integrity management system and integrity culture

    The unit that implements integrity management has established an integrity management system and integrity culture.

    4. Guarantee of external credit supervision

    1. The system establishes a credit file for established trust organizations, and its stakeholders can follow the principle of good faith to conduct direct credit supervision.

    2. If a trustworthy organization engages in untrustworthy behavior, the victim can independently impose credit punishment on it. Moreover, if the trustworthy organization constitutes malicious dishonesty, the victim is entitled to punitive damages. In this way, while increasing the cost of dishonesty of established trust organizations, it also increases the benefits of rights protection of the victim.

    V. Lixin in advertising

    According to "ICE8000 Advertisement Credit Evaluation and Supervision Standard":

    1. The advertiser, legal representative, and handler have established Lixin credit files, and their identities are true;

    2. The content of the advertisement has been reviewed by practitioners and is legal without obvious flaws;

    3. If the advertiser is dishonest, he shall bear the responsibility for dishonesty according to the terms of CS.

    6. Lixin of the contract

    According to "ICE8000 Contract Drafting, Credit Evaluation and Supervision Standards":

    1. The parties to the contract, their legal representatives, and the handlers have established Lixin credit files, and their identities are true;

    2. The content of the contract has been reviewed by practitioners and is legal without obvious flaws;

    3. If the parties to the contract break their trust, they shall bear the responsibility for breach of trust according to the CS clause.

    9.6.2 Features of ICE8000 Lixin Mechanism

    1. Direct supervision by interested parties.

    Whether the organization is honest or not is directly supervised and evaluated by interested parties in accordance with the principle of honesty. This is a distinctive feature of the ICE8000 Lixin mechanism. After the stakeholder of the organization is violated, he can directly evaluate the organization's credit without going through the government or other organizations.

    Second, openness and transparency.

    In the ICE8000 system, Lixin's standards and credit monitoring procedures are open and transparent.

    The above content is excerpted from "Introduction to ICE8000 Credit Knowledge" (written by Fang Bangjian, free to use, but please indicate the source)