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CSR Correspondents - Approved Social Economy Act

Forética March 16, 2011.

The English Parliament approved the Law on Social Economy.
The document provides an essential role in the dialogue of the associations that represent the social economy with public authorities.

Congress of Deputies approved on 16 March by unanimously Social Economy Act. This is a pioneering law in Europe, which recognizes and facilitates the activity of a sector of companies whose common denominator is the primacy of workers, consumers and social order, commitment to local development, cohesion and sustainability.

The basic objective of the Act is to set up a legal framework that recognizes and view the social economy, highlighting its social values, which is recognized as a general interest task of promoting, encouraging and developing the social economy organizations and their representative organizations.

The newly approved document gives a special role in the dialogue of the associations representing the social economy with public authorities to transfer their lawsuits and collaborating in the development of this sector, emphasizing the role for the intersectoral confederations state level representing the sector.

A sector that accounts for 3% of GDP

In this area, has a relevant the Council for the Promotion of Social Economy, as an advisory and consultative body of the Government's promotion of social economy, and in which representatives from the social economy and members of the General Administration of the Autonomous Communities and local corporations.

This law affects all businesses that generate 2,350,000 direct and indirect jobs and contributed 3% of GDP.

are part of the social economy, cooperatives in their various forms, mutual funds, foundations and associations to carry out economic activity industrial societies, integration companies, special employment centers, fishermen's associations, the agricultural processing companies and entities governed by the principles provided in the Act

Source: Ministry of Labour and Immigration

You can download the balance of the Government on the agenda of promoting social economy here