• Last updated:2021-10-18

    In response to the current labor conditions in Taiwan indicated in a report from the Budget Center of the Legislative Yuan, Council of Labor Affairs (CLA) pointed out that while pursuing profits and looking after the benefits of their shareholders, enterprises should also fulfill their corporate social responsibility to their employees and the environment. Such corporate social responsibility included protecting the legal rights and occupational health of their workers, abiding by business ethics, ensuring work safety, and economical use of resources. Among them, safeguarding workers’ safety and health, not requesting workers to work extended overtime hours, not owing wages, and protecting the statutory labor rights of employees were the most fundamental and most important social responsibility of enterprises. Facing the tide of globalization, an enterprise failing to fulfill its corporate social responsibility would never be able to achieve the goals of corporate profits and sustainable management.

    CLA reiterated that enterprise had to value the corporate governance system before it could achieve sustainable management. In other words, enterprises needed to establish good management and monitoring systems to protect the interests of all interest parties (shareholders, creditors, employees, and other interest parties).

    To prevent the situation as described in the report from the Budget Center of Legislative Yuan that enterprises were always partial to the members of board of directors and supervisors and gave them large amounts of remuneration regardless of whether the company made profits or not, Taiwan Stock Exchange had already published the annual remuneration for directors and supervisors filed by listed companies under the category of Remuneration for Directors and Supervisors in the Corporate Governance section on the Market Observation Post System web page. The intention was to ensure that the remuneration for the directors and supervisors was reasonable and company activities and operations could be brought under supervision so that enterprises could achieve the high target of fulfilling their corporate social responsibility.

     An enterprise that fulfills its social responsibility and abides by business ethics, besides looking after the interests of its investors, shareholders and employees, also needs to care for its employees, improve the labor conditions, develop the labor-management partnership, and take concrete action to contribute to the public so that it can win the support from the various sectors of the society to make more profits, boost corporate competitiveness, and build a decent corporate image. Enterprises are part of the society. The society is the environment in which enterprises survive. Without a good environment, enterprises will find it difficult to survive. Currently in Taiwan, the leading enterprises that have acquired considerable economic benefits are those valuing and fulfilling their social responsibility. Hence, in the long run, for the progress of the enterprise and of the society, each enterprise needs to take active measures to shoulder its social responsibility and take good care of its employees; otherwise, it will find itself unable to profit on a sustainable basis.

• Source:Department of General Planning
• Publication Date:2013-03-25
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