lynx   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/sek/iacpro/3105043.html
   My bibliography  Save this paper

Making Corporate Social Responsibility mandatory: Job done or undone

Author

Listed:
  • Sanjana Roy

    (Hidayatullah National Law University)

  • Deergha Airen

    (Hidayatullah National law University)

Abstract
The evolution of concept of social responsibility of business has passed through different stages of struggle. Corporate Social Responsibility (CSR) is the process by which the corporation participates in the welfare activities of both internal as well as external community by actively assisting in the improvement in the quality of life of the people in the community in which it operates. Corporates can create social value as much as business value for themselves and the two should always preferably go together. Some companies like British Petroleum, Apple, Wal-Mart, Tata and Birla though appear as the real pioneers of CSR, but this paper delves into the reality of how these companies try to use CSR as a tool to cloak their irresponsibility. The Ministry of Corporate Affairs in India deserves a high mention in this regard, as India became the first country in the world to make CSR mandatory for companies crossing a particular threshold as per its laws. Section 135 of the Indian Companies Act, 2013 has been enforced even after staunch opposition from the corporate sector and remains a watershed achievement for the Indian government. Though many companies have already started flouting the new rules, the government has not risen up to the situation. This paper proposes some reforms by which the new rules could be properly enforced, and the companies can be made aware that by promoting CSR they are giving their due back to the society.

Suggested Citation

  • Sanjana Roy & Deergha Airen, 2015. "Making Corporate Social Responsibility mandatory: Job done or undone," Proceedings of International Academic Conferences 3105043, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:3105043
    as

    Download full text from publisher

    File URL: https://iises.net/proceedings/20th-international-academic-conference-madrid/table-of-content/detail?cid=31&iid=084&rid=5043
    File Function: First version, 2015
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. R. Edward Freeman & S. Ramakrishna Velamuri, 2006. "A New Approach to CSR: Company Stakeholder Responsibility," Palgrave Macmillan Books, in: Andrew Kakabadse & Mette Morsing (ed.), Corporate Social Responsibility, chapter 1, pages 9-23, Palgrave Macmillan.
    2. T. N. Srinivasan & Suresh D. Tendulkar, 2003. "Reintegrating India with the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 98, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Richard Herd & Sean Dougherty, 2007. "Growth Prospects in China and India Compared," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 4(1), pages 65-89, June.
    2. Isabel-María García-Sánchez & Cristina Aibar-Guzmán & Carmen Serrano-Valdecillos & Beatriz Aibar-Guzmán, 2022. "Analysis of the Dialogue with Stakeholders by the IBEX 35 Companies," Sustainability, MDPI, vol. 14(3), pages 1-26, February.
    3. Jill Brown & William Forster, 2013. "CSR and Stakeholder Theory: A Tale of Adam Smith," Journal of Business Ethics, Springer, vol. 112(2), pages 301-312, January.
    4. Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
    5. repec:kqi:journl:2018-2-1-2 is not listed on IDEAS
    6. Siddiqur Osmani, 2009. "Explaining Growth in South Asia," Chapters, in: Gary McMahon & Hadi Salehi Esfahani & Lyn Squire (ed.), Diversity in Economic Growth, chapter 3, Edward Elgar Publishing.
    7. Françoise Lemoine & Sophie Chauvin, 2005. "L’économie indienne : changements structurels et perspectives à long-terme," Working Papers 2005-04, CEPII research center.
    8. Tomina Saveanu & Daniel Badulescu & Sorana Saveanu & Maria-Madela Abrudan & Alina Badulescu, 2021. "The Role of Owner-Managers in Shaping CSR Activity of Romanian SMEs," Sustainability, MDPI, vol. 13(20), pages 1-19, October.
    9. AnnMarie Bennett & Breda Murphy, 2017. "The Tax Profession: Tax Avoidance and the Public Interest," Economics Department Working Paper Series n286-17.pdf, Department of Economics, National University of Ireland - Maynooth.
    10. Hyuck Shin Kwon & Hyun Chae Park, 2019. "Creating Sustainable and Climate Shared Value in Public Institution: Lessons from a Case of Korea Army Cadet Military School," Sustainability, MDPI, vol. 11(14), pages 1-16, July.
    11. Eberhard Weber, 2012. "Economic reform, social development and conflict in India," Regional Science Policy & Practice, Wiley Blackwell, vol. 4(3), pages 207-230, August.
    12. Marina V. Evseeva, 2020. "Comparative effectiveness of high-tech and medium-tech business models: Key indicators and value sustainability," Upravlenets, Ural State University of Economics, vol. 11(3), pages 59-71, July.
    13. Prema‐chandra Athukorala, 2019. "Joining Global Production Networks: Experience and Prospects of India," Asian Economic Policy Review, Japan Center for Economic Research, vol. 14(1), pages 123-143, January.
    14. Monia Castellini & Cecilia Budoni, 2022. "La partecipazione nei progetti culturali - un’analisi del modello gestionale del progetto Prospettive – territori d’arte," Working Papers 20220211, University of Ferrara, Department of Economics.
    15. Spodarczyk Edyta, 2019. "An attempt to determine the determinants of an effective impact of corporate social responsibility on consumer behaviour. A pilot study report," Management, Sciendo, vol. 23(2), pages 64-79, December.
    16. Anita Mendiratta & Shveta Singh & Surendra Singh Yadav & Arvind Mahajan, 2023. "Bibliometric and Topic Modeling Analysis of Corporate Social Irresponsibility," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 24(3), pages 319-339, September.
    17. Danilo Drago & Concetta Carnevale, 2020. "Do CSR Ratings Affect Loan Spreads? Evidence from European Syndicated Loan Market," Sustainability, MDPI, vol. 12(18), pages 1-30, September.
    18. Singh, Nirvikar, 2008. "India’s Development Strategy: Accidents, Design and Replicability," MPRA Paper 12453, University Library of Munich, Germany.
    19. Arvind Panagariya, 2004. "India in the 1980s and 1990s: A Triumph of Reforms:," International Trade 0403005, University Library of Munich, Germany.
    20. Nguyen, Thi Tuyet Mai, 2017. "An examination of independent directors in Vietnam," OSF Preprints ay6dv, Center for Open Science.
    21. Kaushik Basu & Annemie Maertens, 2007. "The pattern and causes of economic growth in India," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 23(2), pages 143-167, Summer.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:iacpro:3105043. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klara Cermakova (email available below). General contact details of provider: https://iises.net/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.
    Лучший частный хостинг