Jaguar Land Rover is one of the most established and famous names in the UK’s manufacturing and engineering industry. Now owned by giant Indian company Tata, it employs 31,000 people in the West Midlands and Merseyside and has had a community relations department in place for 15 years.It was formed due to demand from employees …
Though the companies act which mandates two percent compulsory corporate social responsibility spending by the companies has been in force for over a year, yet the central public sector companies have not utilised over 50 percent of their funds.The Act may have notable feature in carrying out community welfare activities, but suffers from several lacunae …
Public Sector Fails to Utilise 50 Percent of Their Funds Under CSR Read More »
While there may not be a perfect formula to directly convert ongoing investment in social responsibility to a realized financial return, you can generally expect to see an increase in sales, profitability and value. This thought-provoking question was recently presented to me by a business owner interested in establishing a corporate social responsibility (CSR) program …
How corporate social responsibility affects company value Read More »
The practice of corporate social responsibility (CSR) is fast changing. With CSR attracting various nomenclatures, such as corporate social investment, corporate sustainability and others, experts say the story line of CSR must continue to change, writes ADEDEJI ADEMIGBUJI. Where does Corporate Social Responsibility (CSR) budget really go? In whose interest, the society, organisation or the …
A Parliamentary panel has suggested to the government that it impose penalty on corporates for not spending mandatory 2 per cent of their net profit on CSR activities. Currently, the penalty can be imposed for non-disclosure of CSR as per the Companies Act 2013, reports PTI.“There is penalty for non-disclosure, there should be penalty for …
Penalise firms if they fail to spend 2% of Profits on CSR Read More »
