If you ask a room full of business professionals for a definition of Corporate Social Responsibility (CSR), you’re likely to get several different answers. An evolving concept for the last few decades, definitions of CSR can range from a company that promotes environmentally-friendly policies, products, and practices to a small business that runs a …
Authentic corporate social responsibility: Good Spin vs Doing Good Read More »
Coping with the issue of the low quality of human resources and unemployed youth should engage multi-sector partnerships, including the private sector. Global economic trends, with IT development and automation, have become increasingly sophisticated, which means less dependent on human resources. Trade liberalization, AFTA and CAFTA, bring challenges to the business and investment climate in …
Companies will have to disclose their CSR Expenditure as a separate head in their profit and loss statements, accounting regulator ICAI has said. Besides, if a company spends more than the mandatory two per cent of profit for Corporate Social Responsibility (CSR), the excess amount can not be carried forward for any set off …
India Companies’ P&L account to have separate CSR Expenditure head Read More »
Corporate Social Responsibility (CSR) programs are becoming increasingly popular. There is no doubt that most make positive contributions to society and in some cases, make the sponsoring corporations more profitable. These programs may help organizations attract and retain employees and, in some cases, encourage consumers to buy their products. But are they the thing …
“Sustainability for a business today is not a nice-to-do thing,” said Arif Naqvi, founder and group chief executive of the Abraaj Group. “It’s a have-to-do thing.” Naqvi, a key participant in the 2015 Oslo Business for Peace Summit and keynote speaker at the subsequent Business for Peace Award Ceremony, described a new, urgent corporate …
How Corporate Social Responsibility Is Moving From Optional To Mandatory Read More »
