Bhaskar Chatterjee, director general and CEO of Indian Institute of Corporate Affairs (IICA), a think tank under the aegis of the union ministry of corporate affairs, retired last week after five years at the institute. Credited with drafting the Corporate Social Responsibility (CSR) Rules, 2014, Chatterjee traces his engagement with the corporate world back …
Firms recognizing benefits, impact of CSR: Bhaskar Chatterjee Read More »
Farm equipment major Escorts paid G B Mathur, its non-executive director, who has also been hired as a CSR consultant a sum of Rs 2.5 crore, where as it spent less than half of this sum Rs 1.16 crore on CSR. The structure has been devised to circumvent a company law provision that caps managerial …
Escorts CSR consultant earns more than CSR spend Read More »
The world is ever changing, and so too is the landscape of corporate social responsibility. The partnership of public, private and governmental entities to focus on a specific issue area is nothing new, but over the past few years the approach partners have taken to face an issue has shifted.
Robert Bosch Engineering and Business Solutions Pvt Ltd (RBEI) has initiated work with the local community to create a more vibrant city. “Our facility is recognised at the national level for our role in sustainable practices. We look for smart, long lasting solutions”, Anitha, Head – HR at RBEI Coimbatore Centre, said.
Ever since the Companies Act came into effect in 2013, two-thirds of Indian companies have failed to comply with the mandatory 2% expenditure on Corporate Social Responsibility (CSR). This includes 32 of 50 NIFTY companies.
