Corporate Social Responsibility (CSR) Norms In India : Evolution, Implementation, Where To Next?
Corporate Governance experienced meteoric growth in the 20th & the 21st Century, the process of globalization has ensured that the scholarly work on the subject emerged from a diverse background, making the subject truly eclectic. Corporate Governance norms transformed the modern corporations, making them cost-effective, streamlined & fairer, thus ensuring extensive market participation from the society. As the study of Corporate Governance advanced, it placed various concerns regarding the operations of the modern corporations at the forefront. In the modern era, one of the most exigent amongst them, Corporate Social Responsibility (CSR). Since the inception of CSR, scholars have been arguing whether it should be mandatory / voluntary, although the etymology of the term might suggest a core feature of CSR is its voluntary characteristic, but such an approach entails the possibility for large corporations escape atrocious labour conditions, unsustainable environmental policies, or flagrant disregard for the customs of the land, keeping this mind the Indian legislature has made it compulsory for companies fitting certain parameters to use two percent of their net profits on CSR activities. The paper studies the evolution of the Indian Corporate Governance landscape & its impact on CSR norms in India. . The current framework for CSR makes it akin to corporate philanthropy, rather than mandating companies to pursue ethically & environmentally sustainable business activities. The paper studies the evolution of the Indian Corporate Governance landscape & its impact on CSR norms in India, further it critically analyses the current state of CSR norms and its unpleasant departure from the way it was first envisaged by the legislators as well as it’s departure from the global stance. The paper then provides a comparative analysis of the CSR norms around the globe, and how some could be embraced and adapted into the Indian landscape. The paper finally envisages the vital role CSR can play help fight the climate change, keeping the large polluting corporations in check, possibly lifting the corporate veil to personally incriminate haphazard directors & issues policy changes to turn away from the mandatory philanthropic regime to one which is more focused on the holistic development of the society where corporations are rewarded for sustainable business activities
Year of publication: |
[2022]
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Authors: | Deshmukh, Ramana |
Publisher: |
[S.l.] : SSRN |
Subject: | Indien | India | Corporate Social Responsibility | Corporate social responsibility |
Saved in:
freely available
Extent: | 1 Online-Ressource (23 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 15, 2022 erstellt |
Other identifiers: | 10.2139/ssrn.4175835 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013403150
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