Corporate Social Responsible

• “Corporate Social Responsibility is the

continuing commitment by business to

behave ethically and contribute to economic

development while improving the quality of

life of the workforce and their families as

well as of the local community and society at

large”

• capacity building for sustainable livelihoods.

• respects cultural differences and finds the

business opportunities in building the skills

of employees, the community and the

government

• business giving back to society

• terms of a philanthropic model

CSR effect on Business

(“Triple-Bottom-Line- Approach”),

Areas of CSR

Good Corporate citizens

• Integration of Goals• Aids earn goodwill• Optimum use of scares resources• Abiding by law• Principle of Trusteeship• Satisfy needs & wants of society• Protect environment from degradation • Contributes to nations growth

Recent trends in CRS

• Know & Applied by my business• Laws drafted for environment protection • Has become a part of professionalism• Demand from stakeholders• Business are made accountable• Protection of stakeholders

Corporate Governance

India’s SEBI Committee on Corporate Governance defines corporate governance as the “acceptance by management of the inalienable rights of shareholders as the true owners of the corporation and of their own role as trustees on behalf of the shareholders. It is about commitment to values, about ethical business conduct and about making a distinction between personal & corporate funds in the management of a company.”

• Corporate governance refers to the set of systems, principles and processes by which a company is governed. It involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders

• Having a clean image on the corporate governance front could also make it easier for companies to source capital at more reasonable costs.

• Stakeholders in this case would include everyone ranging from the board of directors, management, shareholders to customers, employees and society.

• The presence of an active group of independent directors on the board contributes a great deal towards ensuring confidence in the market.

• Corporate governance is known to be one of the criteria that foreign institutional investors are increasingly depending on when deciding on which companies to invest in.

• It is also known to have a positive influence on the share price of the company.