By: Bernie Chiu, Huang Ya-chuan and S.C. Chang
Taipei, May 3 (CNA) The government is drafting an amendment to the Company Act
that would require businesses to “internalize” good governance and social responsibility, Vice President Chen Chien-jen (陳建仁) said Wednesday.
At an award ceremony for businesses that have shown excellent corporate social responsibility, Chen said that as enterprises pursue profits, they should also take responsibility for the wellbeing of their employees, local communities and the environment.
“This is a good approach to achieving sustainable development of the environment, society and economy,” he said.
The government is proactively promoting a plan to revise the Company Act to create a legal basis for social responsibility among businesses, Chen said.