Mongolian Foreign Company Social Responsiblity Research

Since1990, Mongolia began to political and economic reforms in Mongolia, at the same time the country has started to carry out the policies and the introduction of foreign capital. In1993, Mongolia’s state great hural of Mongolia promulgated the "law of foreign investment", the law in2002,2008and2013were amended. Lay a solid foundation for Mongolia’s introduction of foreign investment. The Mongolian Government has implemented significant changes to the regulation of foreign investment. The Great State hural passed the Law on Regulation of Foreign Investment in Business Entities Operating in Sectors of Strategic Importance (the SEFIL). We noted then that certain features of the SEFIL may result in weakened foreign investor confidence. This was borne out in the following months, as foreign investment in Mongolia declined substantially. In April of this year, the Government of Mongolia introduced amendments to the SEFIL in an attempt to address and reverse this trend. At the same time, reports emerged from Mongolia that the amendments to the SEFIL were a first step towards further foreign investment regulation reform, which was intended to provide greater assurance and comfort to foreign investors. Recently, the State Great Khural passed the Law, which represents a significant step to recapture foreign investor interest in Mongolia.Since2002, the international market prices of resource products rose sharply, the rich mineral resources in Mongolia has attracted many international mining capital. Seize new opportunities in Mongolia, by modifying the "mineral resources law" and "law of foreign investment", to speed up the privatization of mining enterprise, and formulated a series of policies to attract foreign investment, the investment environment has been greatly improved, thus attracting numerous international mining capital.Enter a number of foreign enterprises, not only brought abundant funds, advanced technology, advanced equipment, high-end talent, also brought the advanced management idea. All of these on the Mongolia’s economic and social development has played a very important role. A number of foreign enterprises to enter the Mongolia country, the pursuit of their own development at the same time with local enterprises, pay attention to corporate social responsibility, and fulfilling social responsibility, make positive contribution for Mongolia’s economic and social development, and has won the recognition and respect of Mongolia society.But foreign companies, in the practice of social responsibility, the enterprise business philosophy is different, resulting in some enterprises to actively fulfill the social responsibility, the shareholders, the company responsible for the staff, responsible, socially responsible. In some enterprises do not fulfill their social responsibilities or negative to fulfill their social responsibilities, management idea of unfair, producing and selling inferior products, provide inferior services, and they violate the law and regulations in Mongolia. Moreover, foreign corporate social responsibility related to the national economic development and sustainable development, it is necessary to treat the social responsibility of enterprises with foreign capital seriously.As long as we know and the importance of social responsibility of enterprises with foreign investment, and formulate relevant laws and regulations, the development of our country can be sustained and healthy.