2. •“Corporate Social Responsibility is the
continuing commitment by business to behave
ethically and contribute to economic
development while improving the quality of
life of the workforce and their families as well
as of the local community and society at large”
•capacity building for sustainable livelihoods.
•respects cultural differences and finds the
business opportunities in building the skills of
employees, the community and the
government
•business giving back to society
•terms of a philanthropic model
3.
4. CSR effect on Business
(“Triple-Bottom-Line- Approach”),
6. Good Corporate citizens
• Integration of Goals
• Aids earn goodwill
• Optimum use of scares resources
• Abiding by law
• Principle of Trusteeship
• Satisfy needs & wants of society
• Protect environment from degradation
• Contributes to nations growth
7. Recent trends in CRS
• Know & Applied by my business
• Laws drafted for environment protection
• Has become a part of professionalism
• Demand from stakeholders
• Business are made accountable
• Protection of stakeholders
8. Corporate Governance
India’s SEBI Committee on Corporate Governance defines corporate
governance as the “acceptance by management of the inalienable rights
of shareholders as the true owners of the corporation and of their own
role as trustees on behalf of the shareholders. It is about commitment to
values, about ethical business conduct and about making a distinction
between personal & corporate funds in the management of a company.”
9. • Corporate governance refers to the set of
systems, principles and processes by which a
company is governed. It involves a set of
relationships between a company’s
management, its board, its shareholders and
other stakeholders
• Having a clean image on the corporate
governance front could also make it easier for
companies to source capital at more
reasonable costs.
10. •Stakeholders in this case
would include everyone
ranging from the board of
directors, management,
shareholders to customers,
employees and society.
•The presence of an active
group of independent directors
on the board contributes a
great deal towards ensuring
confidence in the market.
•Corporate governance is
known to be one of the criteria
that foreign institutional
investors are increasingly
depending on when deciding
on which companies to invest
in.
•It is also known to have a
positive influence on the share
price of the company.
