Indian Corporate Citizenship (Case Study on CSR)

ISBN Number : 978-93-5262-282-5

Library Price : Rs.850

Library Dollar Price : 34$

Book Edition : First

Year of Publication : 2016

No. Of Pages : 206

Book Weight :0

About The Book

The issue of responsible care and behavior by corporates towards society is not new. Every individual has a right to have a balanced life with requisite education, shelter, food, health facilities, expression of views with ideas and also to think about others on Mother Earth. Lot of things has been discussed, analyzed across India since years on Corporate Citizenship but somehow society is not getting the desired attention as expected.

The included views, actions, supports, results and care shows responsibility by the researched corporates (other than government owned corporates), can be treated as a case study for large number of laggards.

You may argue that some of the activities like reduction in pollution, saving of energy, good product packaging and advertisement, water conservation, etc. are business imperative rather than service to the society. By accepting this viewpoint also, this practical insight should help in quick and simple actions at an early time, even by small and medium enterprises and naturally, other large corporates who are still adamant in their business approach, some sort of arrogance even under threat of evacuation in acute global challenges and competition. Such corporates are undermining the power of civil society which can destroy them completely. May the combination of GANDHIJI and SARDAR PATEL, will have to come to the stage to pressurize socio-economic organizations.

Let's create great awareness in schools, colleges, management institutes and other socio-economic organizations for a peaceful, growing, equal, happy and enjoying society taking into account the benefits of socialism and capitalism, compassionate capitalism.

As an additional learning and knowledge, following are attached asAnnexure :

1. Original Text of Sections 134, 135, 198 with Schedule VII of The Companies Act, 2013 – I do not know how mandatory 2% towards Corporate Social Responsibility (CSR) will be translated in real improvement of Society. Time will only prove with the active participation of stakeholders. Responsible corporate citizenship should come from within.
2. The Companies (Corporate Social Responsibility Policy) Rules, 2014.
3. National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, Ministry of Corporate Affairs, Govt. of India (2011).
4. Clause 55 of the Listing Agreement with Stock Exchange – "Business Responsibility Report – Suggested Framework".
5. The Millennium Development Goals (MDG).
6. Principles of The UN Global Compact.
7. Speech of Dr. Manmohan Singh, Ex-Prime Minister of India, Annual National Conference of the CII, 24th May, 2007.
8. GRI 4 Sustainability Reporting Guidelines in Brief.
9. Clarifications with regard to provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013-General Circular No. 21/2014 dated 18th June, 2014.

 

Contents -

1. Voice of Leaders
2. Philosophy
3. Education
4. Employee Engagement
5. Energy Conservation
6. Environment
7. Health and Safety
8. Human Rights
9. Policy Advocacy
10. Product Responsibility
11. Sustainable Livelihoods
12. Waste Management
13. Water Management
Annexure 1: Original Text of Sections 134, 135, 198 and Schedule VII of the Companies Act, 2013
Annexure 2: The Companies (Corporate Social Responsibility Policy) Rules, 2014
Annexure 3: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, Ministry of Corporate Affairs, Govt. of India (2011)
Annexure 4: Clause 55– Listed Entities shall Submit, as Part of Their Annual Reports, Business Responsibility Reports, Describing the Initiatives Taken by Them from an Environmental, Social and Governance Perspective
Annexure 5: The Millennium Development Goals
Annexure 6: Principles of The UN Global Compact
Annexure 7: Speech of Dr. Manmohan Singh, Ex-Prime Minister of India, Annual National Conference of the CII, 24th May, 2007
Annexure 8: GRI 4 Sustainability Reporting Guidelines – Brief
Annexure 9: Clarifications with Regard to Provisions of Corporate Social Responsibility under Section 135 of the Companies Act,2013- General Circular No. 21/2014 Dated 18th June, 2014 No. 05/01/2014– CSR

About The Author

CA. Bimal R. Bhatt, is based at Vadodara, Gujarat, Mother India. Experience in management consultancy, training and development, management audit, direct taxation, etc. in well-known organizations. Since April 2002, concentrating on socio-economic life of an individual as well as Corporate India. His Book “Corporate Governance–challenges and necessity for Emerging India” (unveiled by Hon. Shri N. Vaghul, Financial Wizard) has been widely acclaimed and appreciated by industry as well as political barons like K.V. Kamath, Adi Godrej, Ram Charan (USA), Salman Khurshid, Bakul Dholakia, Y.K. Alagh, Naseer Munjee, Roopa Kudva, Dr. Anil Khandelwal, CA. Shailesh Haribhakti, Ashish Dhawan and many more. Review and comments are published in Business India, Indian Banker, Chartered Accountant and Chartered Secretary magazines. Loves communicating with and advising entrepreneurs, leaders, directors and young generations for improving the socio-economic life of society.

Delivered talks (including on Risk management, Code of Conduct, Financial Reporting, Ethics and Values in Governance Process, Knowledgeable Shareholder, Annual Report-A Mirror- Brand?, Role of Independent Director,  Corporate Social Responsibility-Need or force?, Challenges of 21st Century, etc.) at various places across India.
 Trained and shared knowledge with more than 5,000 professional students at CA, ICMA, PGDFM of M.S. University on Corporate Financial Reporting, Entrepreneurship, Business Model through Case Study, Goal Setting and Career Planning, Challenges of 21st Century, etc. Also mentoring Independent Directors for a healthy and decisive contribution in the functioning of a company. SEBI nominated Ex-Public Interest Director in Vadodara Stock Exchange Limited (VSE).

Book Reviews

K.V. Kamath, Ex-Chairman - ICICI Bank and Infosys Your compilation touches on something very important. India's growth potential can be fully realized only when every citizen in the country can pursue his dreams and have the means and the opportunities to grow and prosper. Creating optimal development outcomes through conscious interventions in socio-economic areas can create a substantial impact not just on the target population but also on the local economy. Social empowerment needs to go hand in hand with economic development and when done together, it can start a self-reinforcing virtuous cycle.
As has been brought out in this compilation, the Indian corporate sector has been actively pursuing socio-economic development over several years and has contributed to holistic progress in multiple ways. The pursuit for sustainable growth has become an integral element of growth strategies of several corporates. A compendium of the social impact initiatives by leading Indian corporates, and a compilation of their multifaceted viewpoints is a good starting point to trigger thought and instigate action for many other corporates who are considering a more active role or planning to increase their existing activities in the social arena.
Sanjay Lalbhai, Chairman and Managing Director - Arvind Ltd. I found the compilation truly inspiring and of strong practical value. It is inspiring as it covers the views of the visionaries and the actual work of the CSR Leaders. Knowing who is doing what for social renewal and their rationale for doing so ensures that the reader gets a blend of different corporations' thoughts and action. It also has huge practical value because the CSR leaders as well as the large number of new entrants in CSR sphere will be able to see Corporation's work in the social sphere at one place.
I believe that corporations and society are interdependent. Though distinct, they are not mutually exclusive. They exist together and function together. Social issues affect corporations and the corporations' actions in turn affect the society. In light of this, any action for social renewal is a must for every business. I wish this very timely compilation all the success as India has now become the first country in the world to make Corporate Social Responsibility mandatory and believe that the reader will find this very useful.

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