Corporate law and accounting professionals involved in corporate social responsibility (CSR) related activities expect the Centre to soon withdraw tax benefits for donations as part of CSR activity to eligible funds and NGOs. There is also a possibility that non-compliance in recent future may attract penalty.
The amendment to the Companies Act in 2013 made corporate social responsibility mandatory in India. A knee-jerk reaction to the obligatory nature of such an amendment is akin to the taxes enforced by the government on companies. But isn’t it beneficial for a company to be able to contribute to society, on which it …
Looking after your employees is good for business as it can attract 35 per cent more investment from socially responsible funds, a study by an assistant professor of Warwick Business School has found. Onur Tosun looked at 1,585 US corporations and 47 socially responsible investment (SRI) funds and found that the companies which treated their …
Companies caring for employees attract socially responsible funds Read More »
A takeout from the 2008 crisis is that businesses must create ‘shared value’ for all stakeholders In the West, there is a growing realisation that the role of corporations in society is not just to focus on shareholder wealth maximisation. Academics such as Roger Martin, from the University of Toronto, have argued post the financial …
Indian companies have a mandatory two percent spending on Corporate Social Responsibility (CSR) which was improving their standings globally. But there was a need to do more work. Indian companies need to improve on their Corporate Social Responsibility disclosure to attract more foreign investments, an Indian-origin business leader said.
