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.
The term corporate social responsibility (CSR) might have become popular in recent years, but it has existed in India, in different forms, for many decades now. For example, in the late 1800s, much before the multinational corporate system was in full swing in India, affluent merchants and businessmen shared a part of their wealth …
CSR: an underrated approach to sustainable progress Read More »
