Citizens can check credit records of companies
- Details
- Category: Governmental News
- Published: Tuesday, 23 August 2011 08:51
Citizens can check the credit information of companies now, sources say. If they want to buy a consumer card from or find a job with some company, they can search the related information for free. It was learned from the Office of Legislative Affairs of the city government, the city shall make a policy on credit supervision of companies and social assessment measures by the end of the year. Now it is soliciting opinions from the general public. "To value corporate social responsibilities through legislation is an innovation of Ningbo in social management", said a person in charge of the Office of Legislative Affairs. Enterprises must take social responsibilities, not just in offering job opportunities and in environmental protection, health care, education and social security, etc. The credibility of a company is defined according to their performance in commerce, taxation, food and drug sanitation, environmental protection, trade, public security, transportation, quality control, etc. But how do these departments share their information with each other. The most eye-catching part with the draft of the policy is the corporate creditability information database to be set up. The database is to be managed by the industry and commerce administration, with the information provided and verified by various work units. To ensure impartial assessment, the assessment is to be conducted by agencies of independent status. "The assessing agencies is similar to the Secretariat of the UN, with experts to evaluate the corporate development, labor relations, environmental uses, employee satisfaction, and social recognition, etc. The drafters attach great importance to mass participation. On one hand, stakeholders and consumers can report of misconduct of companies in fulfilling social responsibilities; on the other, the authorities and information providers can make known the basic credit information of companies and citizens can retrieve the credit records of the company they want to know about. According to the exposure draft of the new policy, the government award for most responsible companies will be granted based on the rating of the assessment. Besides, subsidies will be given based on their performance in taxation, foreign trade, technology, social insurance, and reduction of emissions, etc. For those enterprises short of social responsibility will be lowered down in credit by banking and insurance agencies. Citizens can log on the net http://www.nbfz.gov.cn to air their views and suggestions on the exposure draft.