AN ANALYSIS - THE ROLE OF INDIAN GOVERNMENT FOR IMPLEMENTING CORPORATE SOCIAL RESPONSIBILITIES

Authors

  • Prachi Nagotia Research Scholar, APS University,Rewa MP

Keywords:

stakeholder, development, impact

Abstract

The concept that an enterprise is accountable for its impact on all relevant stakeholders. It is the continuing commitment by business to behave fairly and responsibly, and contribute to economic development while improving the quality of life of the work force and their families as well as of the local community and society at large. CSR not only includes the activities that a company undertakes in order to utilize their profit to enable social and environmental development, but also includes the methods that a company employs in order to earn these profits including socially responsible investments, and transparency to various stakeholders among others. Realizing the importance and the Long-term benefit of being socially responsible many companies have incorporated socially responsible business practices. The basic objective of CSR is to maximize the company’s overall impact on the society and stakeholders while considering environment and overall sustainability. This paper indicates that the role of Indian government for implementing corporate social responsibilities.

References

REFERENCE

―A renewed EU strategy 2011-14 for Corporate Social Responsibility,‖ European Commission presses release, 25 October 2011.

European Commission, Directorate-General for Enterprise

―Current Corporate Social Responsibility Disclosure Efforts by National Governments and Stock Exchanges,‖ 6-27-13

Matthew Maguire, ―The future of Corporate Social Responsibility Reporting,‖ Boston University website, The Frederick S. Pardee Center for the Study of Longer –Range Future, dated 19 January 2011

Bajpai, G.N. , Corporate Social Responsibility in India and Europe: Cross Cultural Perspective, 2001

New CSR Guidelines for Indian Public Sector Enterprises Focus on Sustainability Reporting. 24 April, 2013

May

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Published

2014-05-31

Issue

Vol. 3 No. 6 (2014): May 2014

Section

Articles

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