RENOWNED economist Milton Friedman would never have imagined that acceptable returns on shareholders’ investment would remain to be the only measure for assessing a corporation’s success because for him there is only one responsibility of business—to utilize its resources and perform activities designed to boost profits so long as it follows the rules of the …
The statutory corporate social responsibility (CSR) norms introduced two years ago were expected to revolutionise funding of social causes, but some sections of India Inc may now be abusing these for laundering of black money, according to sources privy to such transactions.Some companies are using onhire charitable trusts to fabricate CSR spending, at least two …
Indian companies are laundering their CSR spends Read More »
The lack of effective punishment for companies that fail to meet the 2% CSR requirement is the most notable lacuna in the Indian Companies Act of 2013. At the same time, mandatory CSR is not a replacement for state social spending, which is a key ingredient for the success of developing nations. In India, the …
Any successful CSR program produces positive returns to employees. We’ve all seen research showing how a company’s sustainability program creates a more satisfied and committed workforce. We intuitively understand how this happens: If you feel engaged in your company’s mission, you’re probably happy to work hard on its behalf. This is true for a growing …
The ROI of CSR – How one company generated $600 million return Read More »
In the business world, there are clear signs that large corporations and social impact organizations are developing new types of strategic relationships that challenge the traditional concept of corporate social responsibility. These social impact partnerships, which focus on the bottom line, face pushback and skepticism because they challenge long-held perceptions that a corporation’s relationship with …
For Big Impact, You Need These Unlikely Business Allies Read More »
