Monday 27 April 2009

CSR remains mandatory for firms, court rules

CSR will remain mandatory for companies, after the Constitutional Court upheld a provision obliging such programs, dashing the interests of the business community. The latter, represented by several associations, argued that CSR should be voluntary, depending on the size of the firms and in which sectors they operated, instead of mandatory as stipulated under the 2007 Law on Limited Liability Companies. The judges said it was important to make CSR mandatory as a way of getting companies to take part in rolling back environmental damage.
Source: PA Asia - Public Affairs and CSR from the Jakarta Post, 16 April, p.13

No comments: