Corporate Social Responsibility - Regulating Community Development

The recent enactment of the Company Law Bill has brought to an end a long and tortuous history of getting an updated and more relevant Company Law into the legislation field of play. The Bill itself has been on the National Legislation Program (Program Legislasi Nasional / Prolegnas) since 2005 and was originally submitted to the House of Representatives (DPR) in October 2005. The almost 2 years it has taken to pass the DPR may surprise some but if one is to consider the Inventory List of Problems (Daftar Inventarisasi Masalah / DIM) on this Bill extended to some 813 problems, then it is not at all surprising that it has taken this long to plough through the list in order to secure passage of the Bill.