Farm equipment major Escorts paid G B Mathur, its non-executive director, who has also been hired as a CSR consultant a sum of Rs 2.5 crore, where as it spent less than half of this sum Rs 1.16 crore on CSR. The structure has been devised to circumvent a company law provision that caps managerial …
Escorts CSR consultant earns more than CSR spend Read More »
Corporate social responsibility (CSR) has become a hot topic in the business world. Companies of all sizes are being encouraged (and sometimes forced) to become more responsible in their communities.
Tata Group has adopted a three-pronged approach to fulfil its corporate social responsibility goals, its chairman Cyrus Mistry said in an in-house interview. “In CSR, at the group level we focus on three broad areas: volunteering, disaster response and group programmes.
Recently, I spoke with senior leaders at a Fortune 500 firm. It’s a leader in philanthropy, but the executives feel all their corporate giving goes unappreciated. “We do all the right things, but the public always criticizes us,” they told me. “What’s wrong?” That’s something I hear more and more.
It’s 2016, and the times, they are a-changin’. So is the way we do business and the way companies present themselves to their customers. Ten years ago, only a handful of Fortune 500 companies issued sustainability reports.
