Perhaps you’ve heard the news that everyone is doomed. There’s a crater-sized gap between rich and poor and our planet is running out of room and resources while governments and charities struggle to right the ship.But what about business? If all companies harnessed their powers for good, capitalism could be the most influential force for …
Social responsibility is good for business, so why is corporate giving so low? It’s hard not to be cynical when you hear companies boasting about their values. After all, both Worldcom and Enron were once seen as leading lights when it came to corporate social responsibility (CSR), as was Volkswagen.If the recent emissions scandal tells …
Corporate giving: do Irish companies make the effort? – View Point Read More »
RENOWNED economist Milton Friedman would never have imagined that acceptable returns on shareholders’ investment would remain to be the only measure for assessing a corporation’s success because for him there is only one responsibility of business—to utilize its resources and perform activities designed to boost profits so long as it follows the rules of the …
The statutory corporate social responsibility (CSR) norms introduced two years ago were expected to revolutionise funding of social causes, but some sections of India Inc may now be abusing these for laundering of black money, according to sources privy to such transactions.Some companies are using onhire charitable trusts to fabricate CSR spending, at least two …
Indian companies are laundering their CSR spends Read More »
The lack of effective punishment for companies that fail to meet the 2% CSR requirement is the most notable lacuna in the Indian Companies Act of 2013. At the same time, mandatory CSR is not a replacement for state social spending, which is a key ingredient for the success of developing nations. In India, the …
