03 | 2014 | Business and Social Responsibility

A New Era of CSR

"This issue of German Chamber Ticker will provide insight on social innovation and how it can be carried out in the business plan of a company. It will further show the perspective of NGOs and social entrepreneurs on the development of CSR programs in China. The reader will also learn about the trends in CSR which became apparent in the German Chamber Shanghai’s workshop “Business & Society.” Moreover, author Nicolai Petersen will present his view on what he calls a “value crisis” and what an ethical economic system could look like."

Titus Freiherr von dem Bongart - Chairman of the Board, GCC Shanghai

GCT-03-2014

Cover Story 1 - CSR: Getting Better

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Demystifying Corporate Social Responsibility in China

by JOHN PABLON

Corporate social responsibility. The concept is nebulous and constantly evolving. At its highest level, CSR embodies the notion that companies should act ethically and responsibly in all their business dealings.

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Cover Story 2 - The Ethical Economy

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Doing Good in an Era of Value Crisis

by NICOLAI PEITERSEN and ADAM ARVIDSSON

How do we Justify Value?

In the Anglo-Saxon world it is difficult to find a large self- respecting company that does not have a corporate responsibility policy. In fact, spending on such issues has skyrocketed in the last seven years.

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Cover Story 3 - Great Chemistry

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The Marriage of CSR and the Chemical Industry in China

by MAAIKE E. HARMSEN

The chemical industry has made huge strides in productivity over the past ten years. In the same time public tolerance and perception of the chemical industry in China has changed: from acceptance of a certain amount of pollution as an integral part of a developing economy, to restrictions on the opening of new plants, public distrust of chemical companies, and demonstrations against opening and maintenance of new process units.

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Cover Story 4 - The View From the Workshop

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Mapping German Companies and their Engagement in Society in China

by KATJA HELLKOETTER AND MAGALI MENANT

The societal and environmental divide is growing in China. Drastic air pollution levels are just one alarm signal. It is commonly acknowledged that current methods of engagement between companies and further stakeholders in society are no longer sufficient to solve increasing challenges, and that social responsibility demands a different level of cooperation between the sate, the private sector and civil society.

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Cover Story 5 - Talent is Everywhere

Royston Maldoom on Dance, Community, and Social Justice

by CAITLIN WAGGONER

Royston Maldoom is a highly respected veteran of the dance world, having worked as a choreographer for over 40 years. However, he has never been satisfied to remain within the sometimes insular worlds of dance and art: instead, he has dedicated his life to bringing dance opportunities to communities and individuals around the world, regardless of their age, race, ability or class.

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Cover Story 6 - Social Innovation

The Newest Face of CSR

by ALEXANDRA VAN DER PLOEG and DEIRDRE WHITE

Economic growth in China is no longer sustainable. There is a desperate need to address widening wealth gaps, social divides, environmental pollution, inequitable access to health care and more. Cooperate social responsibility plays a more and more important role in China.

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Cover Story 7 - Social Entrepreneurship

Individuals Rethinking Business

by DING LI

In the past few years, social entrepreneurship has become more than a buzzword in the third sector. Globally, many multi-national companies also incorporate this notion in their CSR programs.

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Cover Story 8 - Small Size, Big Impact

What Chinese CSR Can Learn From the Mittelstand

by DR. EBERHARD NIGGEMAN

In the past, the business community mainly focused on economic issues when talking about sustainability. Without good economic figures there were no social or ecological activities. But times have changed.

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In the Spotlight - A Good Foundation and Great Potential: Interview with Mr. Sun Yongfu of the Ministry of Commerce, China

A Good Foundation and Great Potential

Interview with Sun Yongfu, Director General, Department of European Affairs, Ministry of Commerce (MOFCOM), China

by DR. EBERHARD NIGGEMAN

Mr. Sun Yongfu has served as Director General, Department of European Affairs, Chinese Ministry of Commerce (MOFCOM) since 2003. The Department of European Affairs, MOFCOM, is responsible for the development of bilateral relations on economy and trade as well as promoting bilateral cooperation between China and Europe.

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Feature 1 - Shanghai FTZ - Legal Update

The Facts on Financial Reform

by DR. ULRIKE GLUECK and ADA TONG

One aspect of the Shanghai Pilot Free Trade Zone which has become the object of high hopes is the planned financial reforms. As summarized in the General Scheme of the China (Shanghai) Pilot Free Trade Zone (General Scheme) issued by the PRC State Council on 19th September 2013, pilot programs will be implemented in the FTZ for, among other things, RMB convertibility under capital accounts, interest rate liberalization in the financial market and RMB cross-border use.

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Feature 2 - The New Chinese-German Tax Treaty

Good News for German Investors in China

by ALEXANDER PRAUTZSCH, ULRICH REUTER and LUKASZ MEHL

During the visit of President Xi Jinping in Germany in March this year, the long awaited new Double Tax Agreement (DTA) between China and Germany was signed. It was the result of seven years of negotiations between the two countries, and – once effective – will supersede the current DTA signed in 1985.

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Feature 3 - Wage Survey 2014

Analyzing Wage Trends Around China

by MAX J. ZHENGLEIN

For the second time the GCC has conducted its Flash Survey on Wage Trends, which measures basic wage developments for blue and white collar workers. The aim is to provide companies with timely wage information at the beginning of the year.

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Feature 4 - Notes on a Scandal

The Impact of Bribery Scandals on the Chinese Medical Industry

by NATACHA EXTIER

The Background of the Research

In July 2013, the Ministry of Public Security of the People's Republic of China found out that the big multinational pharmaceutical company GSK had been offering bribes in China for several years.

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Feature 5 - HGB and China GAAP

What Are the Differences Between the Two Accounting Standards?

by RICHARD HOFFMANN and GRACE SHI

The preparation of the annual financial statements is more than a just a legal requirement in China. It is also a health check for companies, as it assesses internal control, operation management, tax efficiency, financial efficiency and tax compliance.

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Feature 6 - More Than 300 Years of Family

Frank Stangenberg-Haverkamp on how a Business Can Thrive for Generations

by OLIVIA HELVADJIAN

Merck is a uniquely German success story; a small family-owned company that over several centuries grew into an international corporation while still remaining in family hands.

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