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Charity laws throw spotlight on CSR in China

Charity laws throw spotlight on CSR in China

New charity laws in China are set to shake-up the role law firms play in Chinese civil society.At a symposium addressing the development of Corporate Social Responsibility (CSR) in China during…

New charity laws in China are set to shake-up the role law firms play in Chinese civil society.

At a symposium addressing the development of Corporate Social Responsibility (CSR) in China during this week's Professional Services Week at the Shanghai Expo, the role of government, media and business in creating a harmonious and stable society was discussed.

New charity laws were also discussed, under which companies will now be expected to play a role in cultivating civil society in China.

"CSR is moving from the backroom to the boardroom in China. As we are on the cusp of the new China Charity Law being released, we believe both foreign and local corporations in China need to prioritise this discussion as part of their business strategy and operations in this vitally important world market," said Lord Tim Clement-Jones, partner in international business relations at DLA Piper.

"This is an era where comprehensive development will replace individual enrichment for entrepreneurs; and sustainable strategy will replace conspicuous consumption in companies. This is a timely conference to clarify the role that companies will play."

DLA Piper and Standard Chartered Bank hosted the symposium, and speakers included Chinese Government representatives, leading academics, politicians, major media commentators, non-government organisations (NGOs) and prominent company representatives.

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