In the long term looking after welfare of employees is necessary for companies

Winner: Sugunah with the Prime Minister’s CSR Award 2011. With her are Muhyiddin and Deputy Minister of Women, Family and Community Development Datuk Heng Seai Kie (left). — Bernama

KUALA LUMPUR: Corporations aiming to be competitive must shift their focus from mere financial gains and take into consideration the welfare of their employees and the local community, said Tan Sri Muhyiddin Yassin.

The Deputy Prime Minister said they must shed the perception that corporate social responsibility (CSR) would hinder competitiveness and ability to achieve their long term targets.