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 …
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.
The basic philosophy of Corporate Social Responsibility for an organization has to be “enlightened self-interest”. In an age of rapid and pervasive globalization, modern organizations are struggling hard to survive and grow in a rapidly changing business scenario fraught with uncertainty, recession and turbulence. When the profit motive appears to be the dominant drive …
The year of 2000 is of high significance in the history of Corporate Social Responsibility (CSR)practices in the globe when Mr. Kofi Annan, the United Secretary General, launched the UN Global Compact (UNGC), the first CSR initiative at international level. UNGC is the embodiment of ten principles concerning Human Rights, Labour, Environment and Anti Corruption. …
Most sector experts say CLC’s recommendations on corporate social responsibly are welcome as they provide clarity An increase in the portion of expenditure on corporate social responsibility (CSR) that companies can set aside for ‘overheads’, a five-year time frame for reviewing implementation by them and defining net profit for calculating CSR were among the …
Companies Law Committee calls for increase in portion of CSR expenditure Read More »
