By Saumitra N. Bhaduri, Ekta Selarka
The ebook explores the theoretical and empirical concerns on the subject of the interplay among company governance and company social accountability (CSR) actions undertaken through Indian businesses. It provides a hugely special view at the evolution of CSR and its nexus with company governance. this can be quite well timed within the context of the hot Indian businesses Act 2013, which mandates company social accountability and revises the simplest corporate-governance practices for giant businesses. The findings of this learn are certain in drawing from a unified framework of Indian company governance constitution and company engagement in CSR. The book’s scope is either educational and useful; the study technique constructed and applied turns out to be useful for researchers, whereas the consequences and the choice of variables supply priceless info for practitioners and stakeholders. ultimately, even though it specializes in huge Indian businesses, the findings is additionally utilized to investigate on different rising economies.
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Additional resources for Corporate Governance and Corporate Social Responsibility of Indian Companies
The elimination of all forms of forced and compulsory labour; 5. The effective abolition of child labour; and 6. The elimination of discrimination in respect of employment and occupation. Businesses should support a precautionary approach to environmental challenges; 8. To encourage the development and diffusion of environmental friendly technologies. 10. Businesses should work against corruption in all its forms, including extortion and bribery. Further, Global Compact Self Assessment Tool provides a guide designed for all companies irrespective of their size and sector in which it is operating.
In: Cortright SA, Naughton MJ (eds) Rethinking the purpose of business, University of Notre Dame Press, IN: Notre Dame, pp 27–47 Aras G, Crowther D (2009) The durable corporation: strategies for sustainable development (Gower Publishing Ltd) Aupperle KE, Carroll AB, Hatfield JD (1985) An empirical investigation of the relationship between corporate social responsibility and profitability. Acad Manage J 28:446–463 Bhattacharya CB, Sen S (2004) Doing better at doing good: when, why, and how consumers respond to corporate social initiatives.
It was further developed by Freeman and Velamuri (2005) as a stakeholder approach to CSR to broaden the concept of business beyond its traditional economic roots, by defining stakeholders as—any group or individual who is affected by or can affect the achievement of an organization’s objectives. 1 Wartick and Cochran (1985) examined social issues management as a dimension of corporate social performance and concluded that the corporate social performance model is valuable for business and society study.