SHANGHAI, October 21, 2008 – Morrison & Foerster’s partnership with Wokai, a nonprofit organization working to build the microfinance sector in China, was chosen by The American Chamber of Commerce in Shanghai as a finalist for its 2008 Corporate Social Responsibility (CSR) Award. The awards aim to acknowledge the companies and organizations in the forefront of promoting world class corporate citizenship.
The firm assisted Wokai in gaining legal status as a Foreign Representative Office in Beijing and other areas including advice on government relations, contract negotiations, operational security, risk management and portfolio diversification.
Wokai is committed to raising loan capital for microfinance institutions (MFIs) in China. The organization achieves this goal through creating an internet platform that empowers individual contributors to provide Chinese microentrepreneurs with loan capital. For more information about Wokai and its efforts in China, please visit their website at www.wokai.org.
The award results will be announced on October 30, 2008 at the 4th Annual Corporate Responsibility Conference and Awards themed, “Corporate Citizenship for Today and Tomorrow,” to be held in Shanghai, China.