The document is a message from the Chairman of CII's Development Initiative Council introducing a handbook on corporate social responsibility (CSR) in India developed by PwC for CII. It notes that the Companies Act, 2013 formally introduced a CSR mandate for Indian companies and many companies will undertake CSR initiatives for the first time. It states that the handbook can play an important role in equipping companies for structured CSR engagement by providing guidance on developing CSR strategies and programs. The Chairman hopes the handbook will be a significant step towards building an equitable society and meeting the challenge presented by the new CSR requirements in the Companies Act.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
This document discusses corporate social responsibility (CSR) in India. It provides background on CSR, defining it as companies managing business processes to have an overall positive social impact. CSR was first discussed academically in the 1950s and is now mandatory for large companies in India under the Companies Act of 2013. The document outlines drivers and significance of CSR, as well as challenges in implementation, such as building local capacity and lack of transparency. It provides a checklist for evaluating CSR programs and concludes that while the Companies Act is a step forward, clear guidelines and transparency are still needed for CSR to be fully realized in India.
Embedding the Principles of CSR from Responsibility to SustainabilityGlobalHunt Foundation
The session provided an in-depth understanding of the CSR compliance requirements in India as per the New Companies Act 2013. Key points discussed included:
- The evolution of CSR guidelines in India from voluntary to mandatory requirements.
- The New Companies Act 2013 mandates companies with over Rs. 1000 crore turnover to spend 2% of net profits on social and environmental projects.
- The Act aims to move companies beyond philanthropic donations to long-term impactful projects. It also focuses on internal ethical practices of companies.
- Requirements around CSR board/committee, CSR policy formulation, fund administration, eligibility of NGO partners, and reporting non-compliance were explained.
- Participants from various companies
The document is a message from the Chairman of CII's Development Initiative Council introducing a handbook on corporate social responsibility (CSR) in India developed by PwC for CII. It notes that the Companies Act, 2013 formally introduced a CSR mandate for Indian companies and many companies will undertake CSR initiatives for the first time. It states that the handbook can play an important role in equipping companies for structured CSR engagement by providing guidance on developing CSR strategies and programs. The Chairman hopes the handbook will be a significant step towards building an equitable society and meeting the challenge presented by the new CSR requirements in the Companies Act.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
Corporate social responsibility | 2015 - Recent TrendsAadhit B
This paper predominantly enumerates the role of Corporate Social responsibilities in the present scenario, its evolution, impact of Clause 135 of Companies Act, 2013, Role of CSRs in SMEs and also its Global Impact.
|Clause 135, Companies Act, 2013 | Companies (CSR policies) Rules, 2014 |
This document discusses corporate social responsibility (CSR) in India. It provides background on CSR, defining it as companies managing business processes to have an overall positive social impact. CSR was first discussed academically in the 1950s and is now mandatory for large companies in India under the Companies Act of 2013. The document outlines drivers and significance of CSR, as well as challenges in implementation, such as building local capacity and lack of transparency. It provides a checklist for evaluating CSR programs and concludes that while the Companies Act is a step forward, clear guidelines and transparency are still needed for CSR to be fully realized in India.
Embedding the Principles of CSR from Responsibility to SustainabilityGlobalHunt Foundation
The session provided an in-depth understanding of the CSR compliance requirements in India as per the New Companies Act 2013. Key points discussed included:
- The evolution of CSR guidelines in India from voluntary to mandatory requirements.
- The New Companies Act 2013 mandates companies with over Rs. 1000 crore turnover to spend 2% of net profits on social and environmental projects.
- The Act aims to move companies beyond philanthropic donations to long-term impactful projects. It also focuses on internal ethical practices of companies.
- Requirements around CSR board/committee, CSR policy formulation, fund administration, eligibility of NGO partners, and reporting non-compliance were explained.
- Participants from various companies
This document is a student project on corporate social responsibility in India submitted to Kabul University in 2015. It provides an introduction to CSR, discusses the current state of CSR in India, and analyzes some of the key issues and challenges related to CSR activities in India. Specifically, it notes that while CSR has a long history in India, there is still debate around its definition. It also outlines some of the common approaches Indian corporations use for CSR programs, and discusses whether CSR should be made mandatory through law.
This document is a term paper on corporate social responsibility (CSR). It discusses the evolution of CSR and provides analysis on several aspects of CSR including theoretical frameworks, standards, relationships with NGOs and customers, and environmental CSR. The paper examines how various actors like employees, stakeholders, governments, and NGOs can influence social change through their pressures and mechanisms related to CSR initiatives. It also outlines some common CSR standards and how customers are increasingly expecting companies to engage in CSR activities.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
Corporate social responsibility (CSR) refers to steps companies take to monitor and ensure their compliance with ethical standards and societal expectations. The goal of CSR is for businesses to have a positive impact on the environment, communities, and stakeholders through their activities. CSR involves integrating public interest considerations into corporate decision-making and upholding a "triple bottom line" of people, planet, and profit. While CSR can benefit companies through risk management and brand differentiation, some critics argue it distracts from the economic role of business or is merely for public relations purposes.
This document provides an overview of corporate social responsibility (CSR) in India. It discusses the evolution of CSR in India, including key government policies and the 2013 Companies Act which mandates that large companies spend 2% of profits on CSR activities. It also outlines definitions of CSR, benefits of CSR programs, and requirements for CSR committees and reporting under the Companies Act. Analysis of disclosures from over 1,270 companies found that total CSR spending in 2016-17 increased 27% from the previous year and was 92% of the amount required under the 2% mandate.
Corporate social responsibility (CSR) came into common use in the 1960s and 1970s. CSR emphasizes a company's obligations and accountability to society, while corporate social responsiveness emphasizes actions taken and corporate social performance emphasizes outcomes. CSR involves companies negotiating their role in society and having a positive impact through activities that benefit the environment, customers, employees, stakeholders, and communities. While charity involves donations, CSR aligns a company's values and activities with social causes for long-term business benefits. In India, the new Companies Bill of 2013 mandates that large companies spend 2% of profits on CSR activities.
Corporate Social Responsibility and its alignment with Business needs and Soc...Rupak Ghosh
Ministry of Corporate affairs is encouraging the companies to have some CSR activities. The companies are taking some Social Welfare activities to show that they have CSR activities. However a proper CSR policy should not merely some social welfare activities but a holistic responsibility of business organization towards its shareholders, employees, consumers, related communities and environment however it’s sometime neglected. Companies may have sound HR, Marketing, Operation policies etc. but somehow they are confused regarding their CSR policies. They are sometime depending on some social welfare organizations who have very limited knowledge toward the need and responsibility of business organizations. Unoptimized CSR Activities is not creating any value addition to the company as well as to the society in true sense. A proper structure for CSR policy is required to be developed so that companies can exercise its responsibility towards 3P’s (Profit, People and planet) effectively.
This study is done by combining primary data with secondary data related to CSR Activity of some major companies, in order to move forward in designing road map for future CSR activities.
CSR Activities of Companies having manufacturing Infrastructure like SAIL, Indian Oil, Power Sectors like NTPC, Adani Power, Tata Power etc. focused on defensive CSR Activities such as, Activities related to Environment, Care and Development of local community. Companies of Service Sector like Banking Sector like SBI, IDBI, HDFC etc are not focused to any fixed area.
Despite of some limitations the study addressed a scientific approach in this aspect.
Corporate Social Responsibilty and Sustainabilty by Rajesh Prasad, Chief Proj...Rajesh Prasad
A power point presentation on CSR and Sustainabilty was made by Rajesh Prasad Chief Project Manager RVNL Kolkata on 05.12.13 during the Training and Workshop organised by TISS at Naora 50 kms from Kolkata
This document discusses corporate social responsibility (CSR) in India. It defines CSR as corporations fulfilling their duty to care for society. It notes that the 2011 Companies Bill mandates that companies spend at least 2% of their average profits over the previous three years on CSR initiatives like eradicating hunger, promoting education, gender equality, and environmental sustainability. Only a few large companies like Tata Steel and ITC currently meet the 2% threshold. The document outlines pros of CSR like increased societal development and brand reputation, and cons like reduced profits and added burden on companies. It recommends making CSR mandatory while allowing tax deductions, and choosing between executive compensation and CSR spending.
Corporate Social Responsibility (CSR) in India has traditionally been seen as philanthropic activities by corporations. The Companies Act of 2013 introduced the concept of CSR to the forefront and mandates transparency and disclosure of CSR activities. It defines CSR as activities related to education, healthcare, environment sustainability, and more. The Act also outlines requirements around budget allocation for CSR activities and management through a CSR committee. The Confederation of Indian Industry published a handbook to guide companies on developing CSR strategies and implementing effective programs aligned with the Companies Act.
The document discusses corporate social responsibility (CSR) in Malaysia. It defines CSR and explains why companies practice CSR, including giving back to society and addressing climate change concerns. It also discusses how ethical funds look for environmental and social considerations from companies. The document then explains how Malaysia deals with CSR, noting that Bursa Malaysia launched a CSR framework in 2006 that focuses on the environment, workplace, community and marketplace. It also mentions other global CSR standards and certification programs.
The document provides an overview of a handbook on corporate social responsibility (CSR) in India developed by PwC India for the Confederation of Indian Industry (CII). It discusses the context and need for the handbook. The chairman of CII's Development Initiative Council emphasizes that the Companies Act, 2013 formally introduced the mandate for CSR for Indian companies and that the handbook can help equip companies to strategically implement CSR. The chairman emeritus of Fortis Healthcare Limited notes that while philanthropy is not new to Indian companies, some may struggle with CSR and that the handbook will help streamline dialogue within the industry. The handbook aims to assist companies in effectively pursuing CSR activities aligned with the Companies Act by
Corporate Social Responsibility from Tax PerspectiveKaran Sahi
The document discusses the key aspects of corporate social responsibility (CSR) requirements for companies in India according to the Companies Act 2013. It covers topics such as the criteria for applicability of CSR spending requirements, computation of net profits, constitution of CSR committees, eligible CSR activities, modes of implementation, reporting requirements, deductions available, and penalties for non-compliance. It also provides a comparison of CSR practices in other countries and poses some questions for further discussion on interpreting certain aspects of India's CSR rules.
Corporate social responsibility - presentationNandu Warrier
This document discusses corporate social responsibility and corporate governance. It defines CSR as the continuing commitment by business to behave ethically and contribute to economic development while improving quality of life. Globalization, IT revolution and multinational companies have increased the need for CSR. Businesses are dependent on society and stakeholders for growth. The triple bottom line of social, economic and environmental factors are important. Monitoring, measurement and reporting on CSR initiatives is key. Corporate governance aims to enhance shareholder value while protecting stakeholder interests through transparency, accountability and high ethical standards.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Corporate governance is the system by which companies are directed and controlled. It involves balancing stakeholder interests and providing accountability. Good corporate governance provides transparency, accountability and independence. It benefits companies through growth, investor confidence, and increased share value. However, it also increases costs and can separate ownership from management.
The document discusses adopting a corporate social responsibility (CSR) initiative. It provides an overview of CSR including its definition, importance, and relevance today due to changing social expectations, increasing affluence, and globalization. It outlines the CSR requirements for qualifying companies under the Companies Bill in India, including constituting a CSR committee and spending at least 2% of profits on CSR activities in areas like education, healthcare, and environment sustainability. Non-compliance can result in penalties.
Corporate social responsibility (CSR) refers to business practices that benefit society beyond increasing profits. CSR can include charitable donations, implementing environmentally friendly practices, and balancing profitability with social and environmental impacts. Engaging in CSR can benefit businesses by improving their reputation among consumers and investors, increasing employee satisfaction and retention, and reducing costs. While CSR initiatives outwardly benefit the community, focusing also on internal CSR policies that improve workplace conditions, such as employee health, safety, and work-life balance, can increase productivity and profitability for companies.
Mba1034 cg law ethics week 4 cg accountability 2013Stephen Ong
Corporate governance and accountability are discussed in this document. It provides an overview of corporate social responsibility and how firms can go beyond legal compliance to serve stakeholder needs. While Milton Friedman argued that the sole purpose of a corporation is to maximize profits, broader conceptions of social responsibility exist. Firms engage in corporate social performance activities through moral, strategic and social motivations. Good corporate governance includes boards that oversee strategy, risk management, and compliance. Studies on the relationship between corporate social responsibility and financial performance have found mixed results, with some evidence that the direction of causality may go both ways.
The document discusses Corporate Social Responsibility (CSR) requirements for companies in India according to the Companies Act of 2013. It defines CSR as activities for social good that companies are required to undertake. The key requirements are that companies meeting certain profit thresholds must spend 2% of their net profits on CSR activities related to issues like poverty, healthcare, education, and environment sustainability. The document provides guidance on forming a CSR committee and policy, eligible CSR activities, and how higher education institutions can utilize CSR funds.
This document is a student project on corporate social responsibility in India submitted to Kabul University in 2015. It provides an introduction to CSR, discusses the current state of CSR in India, and analyzes some of the key issues and challenges related to CSR activities in India. Specifically, it notes that while CSR has a long history in India, there is still debate around its definition. It also outlines some of the common approaches Indian corporations use for CSR programs, and discusses whether CSR should be made mandatory through law.
This document is a term paper on corporate social responsibility (CSR). It discusses the evolution of CSR and provides analysis on several aspects of CSR including theoretical frameworks, standards, relationships with NGOs and customers, and environmental CSR. The paper examines how various actors like employees, stakeholders, governments, and NGOs can influence social change through their pressures and mechanisms related to CSR initiatives. It also outlines some common CSR standards and how customers are increasingly expecting companies to engage in CSR activities.
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
Corporate social responsibility (CSR) refers to steps companies take to monitor and ensure their compliance with ethical standards and societal expectations. The goal of CSR is for businesses to have a positive impact on the environment, communities, and stakeholders through their activities. CSR involves integrating public interest considerations into corporate decision-making and upholding a "triple bottom line" of people, planet, and profit. While CSR can benefit companies through risk management and brand differentiation, some critics argue it distracts from the economic role of business or is merely for public relations purposes.
This document provides an overview of corporate social responsibility (CSR) in India. It discusses the evolution of CSR in India, including key government policies and the 2013 Companies Act which mandates that large companies spend 2% of profits on CSR activities. It also outlines definitions of CSR, benefits of CSR programs, and requirements for CSR committees and reporting under the Companies Act. Analysis of disclosures from over 1,270 companies found that total CSR spending in 2016-17 increased 27% from the previous year and was 92% of the amount required under the 2% mandate.
Corporate social responsibility (CSR) came into common use in the 1960s and 1970s. CSR emphasizes a company's obligations and accountability to society, while corporate social responsiveness emphasizes actions taken and corporate social performance emphasizes outcomes. CSR involves companies negotiating their role in society and having a positive impact through activities that benefit the environment, customers, employees, stakeholders, and communities. While charity involves donations, CSR aligns a company's values and activities with social causes for long-term business benefits. In India, the new Companies Bill of 2013 mandates that large companies spend 2% of profits on CSR activities.
Corporate Social Responsibility and its alignment with Business needs and Soc...Rupak Ghosh
Ministry of Corporate affairs is encouraging the companies to have some CSR activities. The companies are taking some Social Welfare activities to show that they have CSR activities. However a proper CSR policy should not merely some social welfare activities but a holistic responsibility of business organization towards its shareholders, employees, consumers, related communities and environment however it’s sometime neglected. Companies may have sound HR, Marketing, Operation policies etc. but somehow they are confused regarding their CSR policies. They are sometime depending on some social welfare organizations who have very limited knowledge toward the need and responsibility of business organizations. Unoptimized CSR Activities is not creating any value addition to the company as well as to the society in true sense. A proper structure for CSR policy is required to be developed so that companies can exercise its responsibility towards 3P’s (Profit, People and planet) effectively.
This study is done by combining primary data with secondary data related to CSR Activity of some major companies, in order to move forward in designing road map for future CSR activities.
CSR Activities of Companies having manufacturing Infrastructure like SAIL, Indian Oil, Power Sectors like NTPC, Adani Power, Tata Power etc. focused on defensive CSR Activities such as, Activities related to Environment, Care and Development of local community. Companies of Service Sector like Banking Sector like SBI, IDBI, HDFC etc are not focused to any fixed area.
Despite of some limitations the study addressed a scientific approach in this aspect.
Corporate Social Responsibilty and Sustainabilty by Rajesh Prasad, Chief Proj...Rajesh Prasad
A power point presentation on CSR and Sustainabilty was made by Rajesh Prasad Chief Project Manager RVNL Kolkata on 05.12.13 during the Training and Workshop organised by TISS at Naora 50 kms from Kolkata
This document discusses corporate social responsibility (CSR) in India. It defines CSR as corporations fulfilling their duty to care for society. It notes that the 2011 Companies Bill mandates that companies spend at least 2% of their average profits over the previous three years on CSR initiatives like eradicating hunger, promoting education, gender equality, and environmental sustainability. Only a few large companies like Tata Steel and ITC currently meet the 2% threshold. The document outlines pros of CSR like increased societal development and brand reputation, and cons like reduced profits and added burden on companies. It recommends making CSR mandatory while allowing tax deductions, and choosing between executive compensation and CSR spending.
Corporate Social Responsibility (CSR) in India has traditionally been seen as philanthropic activities by corporations. The Companies Act of 2013 introduced the concept of CSR to the forefront and mandates transparency and disclosure of CSR activities. It defines CSR as activities related to education, healthcare, environment sustainability, and more. The Act also outlines requirements around budget allocation for CSR activities and management through a CSR committee. The Confederation of Indian Industry published a handbook to guide companies on developing CSR strategies and implementing effective programs aligned with the Companies Act.
The document discusses corporate social responsibility (CSR) in Malaysia. It defines CSR and explains why companies practice CSR, including giving back to society and addressing climate change concerns. It also discusses how ethical funds look for environmental and social considerations from companies. The document then explains how Malaysia deals with CSR, noting that Bursa Malaysia launched a CSR framework in 2006 that focuses on the environment, workplace, community and marketplace. It also mentions other global CSR standards and certification programs.
The document provides an overview of a handbook on corporate social responsibility (CSR) in India developed by PwC India for the Confederation of Indian Industry (CII). It discusses the context and need for the handbook. The chairman of CII's Development Initiative Council emphasizes that the Companies Act, 2013 formally introduced the mandate for CSR for Indian companies and that the handbook can help equip companies to strategically implement CSR. The chairman emeritus of Fortis Healthcare Limited notes that while philanthropy is not new to Indian companies, some may struggle with CSR and that the handbook will help streamline dialogue within the industry. The handbook aims to assist companies in effectively pursuing CSR activities aligned with the Companies Act by
Corporate Social Responsibility from Tax PerspectiveKaran Sahi
The document discusses the key aspects of corporate social responsibility (CSR) requirements for companies in India according to the Companies Act 2013. It covers topics such as the criteria for applicability of CSR spending requirements, computation of net profits, constitution of CSR committees, eligible CSR activities, modes of implementation, reporting requirements, deductions available, and penalties for non-compliance. It also provides a comparison of CSR practices in other countries and poses some questions for further discussion on interpreting certain aspects of India's CSR rules.
Corporate social responsibility - presentationNandu Warrier
This document discusses corporate social responsibility and corporate governance. It defines CSR as the continuing commitment by business to behave ethically and contribute to economic development while improving quality of life. Globalization, IT revolution and multinational companies have increased the need for CSR. Businesses are dependent on society and stakeholders for growth. The triple bottom line of social, economic and environmental factors are important. Monitoring, measurement and reporting on CSR initiatives is key. Corporate governance aims to enhance shareholder value while protecting stakeholder interests through transparency, accountability and high ethical standards.
Corporate Social Responsibility is a new and untouched phinomina for Indian Companies and introduction of it from Financial Year 2014-15 as compliance for selective categories of companies, there is going to be a far reaching impact of it into the society and economy
Corporate governance is the system by which companies are directed and controlled. It involves balancing stakeholder interests and providing accountability. Good corporate governance provides transparency, accountability and independence. It benefits companies through growth, investor confidence, and increased share value. However, it also increases costs and can separate ownership from management.
The document discusses adopting a corporate social responsibility (CSR) initiative. It provides an overview of CSR including its definition, importance, and relevance today due to changing social expectations, increasing affluence, and globalization. It outlines the CSR requirements for qualifying companies under the Companies Bill in India, including constituting a CSR committee and spending at least 2% of profits on CSR activities in areas like education, healthcare, and environment sustainability. Non-compliance can result in penalties.
Corporate social responsibility (CSR) refers to business practices that benefit society beyond increasing profits. CSR can include charitable donations, implementing environmentally friendly practices, and balancing profitability with social and environmental impacts. Engaging in CSR can benefit businesses by improving their reputation among consumers and investors, increasing employee satisfaction and retention, and reducing costs. While CSR initiatives outwardly benefit the community, focusing also on internal CSR policies that improve workplace conditions, such as employee health, safety, and work-life balance, can increase productivity and profitability for companies.
Mba1034 cg law ethics week 4 cg accountability 2013Stephen Ong
Corporate governance and accountability are discussed in this document. It provides an overview of corporate social responsibility and how firms can go beyond legal compliance to serve stakeholder needs. While Milton Friedman argued that the sole purpose of a corporation is to maximize profits, broader conceptions of social responsibility exist. Firms engage in corporate social performance activities through moral, strategic and social motivations. Good corporate governance includes boards that oversee strategy, risk management, and compliance. Studies on the relationship between corporate social responsibility and financial performance have found mixed results, with some evidence that the direction of causality may go both ways.
The document discusses Corporate Social Responsibility (CSR) requirements for companies in India according to the Companies Act of 2013. It defines CSR as activities for social good that companies are required to undertake. The key requirements are that companies meeting certain profit thresholds must spend 2% of their net profits on CSR activities related to issues like poverty, healthcare, education, and environment sustainability. The document provides guidance on forming a CSR committee and policy, eligible CSR activities, and how higher education institutions can utilize CSR funds.
1. The document discusses corporate reporting standards and frameworks, including financial reporting, corporate governance, executive remuneration, and corporate social responsibility. It outlines the benefits of reporting for companies, communities, and the environment.
2. New trends in reporting include developments in gender equality reporting, sustainability reporting, and compliance through websites. Global trends are driving greater transparency in areas like carbon emissions reporting.
3. The document provides tips for effective corporate reporting, including presenting key information and metrics clearly, using charts to illustrate trends and risks, and reconciling non-GAAP measures with GAAP standards. Good practices include selecting illustrative examples and seeking feedback through reporting awards.
This document outlines strategies for combating corruption. It discusses the need to design holistic and practical strategies with clear objectives and stakeholder involvement. Ten specific strategies are then presented: 1) Increased support for anti-corruption efforts from government, civil society and private sector. 2) Greater political dialogue on corruption issues and agreement on robust targets. 3) Assisting communities to monitor budgets and hold officials accountable. 4) Monitoring distribution of agricultural inputs. 5) Supporting investigations and prosecutions of corruption cases. 6) Giving voice to public opinions on corruption. 7) Strengthening financial management and audit capacity. 8) Setting up independent co-monitoring structures. 9) Developing education curriculum on ethics and integrity. 10)
Corporate social responsibility in Companies ACT 2013Vishwas Swamy
The document outlines the Corporate Social Responsibility (CSR) requirements for companies in India according to Chapter IX, Section 135 of the Companies Act of 2013. It defines CSR as how companies integrate social and environmental concerns into their operations and interactions with stakeholders. It requires companies meeting certain net worth, turnover, or profit thresholds to spend 2% of their average net profits of the previous three years on CSR activities. Eligible companies must form a CSR committee and develop a CSR policy specifying planned activities. The policy and an annual report detailing CSR efforts and expenditures must be disclosed publicly.
The document summarizes a study conducted to measure the brand equity of Colgate toothpaste using a modified version of the Winning Brands model of brand equity measurement. The study measured consumer loyalty, ability to charge a price premium, and brand leveragability. It found that Colgate has the highest Brand Equity Index of 6.415 out of 10, compared to indexes of 3.703 for Pepsodent and 2.421 for Dabur. Colgate's strong brand equity is attributed to its high consumer loyalty and ability to charge a price premium, though it is not considered a highly leveragable brand.
How does the CSR policy bring value to the PSA Group?Groupe PSA
This document discusses how the CSR policy of PSA Group builds value by reducing risks and gaining the trust of stakeholders. It addresses four key issues of CSR - environmental, social, societal, and governance. The CSR policy acts as a guarantee to customers, bankers, investors, communities and other stakeholders. It helps reduce costs and risks, gain access to funding, and improve the company's reputation and image over time.
Corruption undermines society and business. It destroys moral values, wastes resources, and erodes public trust in government. In India in the 1970s, political leaders instructed officials to illegally collect funds, giving them free rein to exploit and oppress people through delayed services, unlawful arrests, and overbilling unless bribes were paid. Corruption gradually spread throughout administrative levels and bribery became normal. Corruption in business involves embezzlement, bribery, abuse of power, and financial dishonesty, hurting companies' images and profits through inefficiency, lost resources, weakened development, and increased crime. Both internal reforms and honest external environments are needed to curb private sector corruption.
REVISED CORPORATE GOVERNANCE NORMS RECOMMENDED BY SEBI IN ITS BOARD MEETING HELD ON 13th FEB., 2014.
THESE NORMS WOULD BE APPLICABLE FROM 1st OCT. 2014
The document summarizes key aspects of the Companies Act 2013 related to directors, board committees, and independent directors. Some key changes include requiring at least one woman director, limiting the number of directorships a person can hold, establishing mandatory board committees for audit, nomination and remuneration, and corporate social responsibility, and increasing the minimum number of independent directors for listed companies to one-third of the total directors. The duties and liabilities of directors and independent directors are also outlined.
GlaxoSmithKline (GSK) has a strong code of conduct that emphasizes honesty, integrity, and compliance with all legal and regulatory requirements. GSK provides guidance and support for employees, backed by rigorous auditing and disciplinary action for misconduct. The code promotes ethical business practices that benefit stakeholders, and employees are encouraged to seek advice regarding ethical situations.
This document discusses corruption in Indian society. It begins with an introduction that defines corruption and notes that India ranks 84th on a global corruption index. It then lists some major areas of corruption concerns in India like politics, land, and various public services. Some of the largest corruption scams in India are also summarized like the 2G spectrum scam. The causes and consequences of corruption in India are outlined as well as some potential cures like education, legislation, and transparency. The document concludes by suggesting actions like implementing the Lokpal bill and establishing anti-corruption organizations to help address the issue of corruption in India.
This document provides an introduction to corporate social responsibility (CSR), including a definition, reasons for adopting CSR programs, potential objections to CSR, and how CSR programs can be communicated and reported. It discusses the business advantages of CSR in areas like human resources, risk management, and brand differentiation. It also presents alternative viewpoints on CSR and considers frameworks for CSR reporting, including using triple bottom line accounting and standards from organizations like the Global Reporting Initiative.
Corruption involves wrongdoing by those in power through illegitimate or unethical means, often involving bribery. Common forms of corruption include bribery, embezzlement, abuse of power, and favoritism. Globalization has increased corruption risks but also opportunities to address it. Governments and anti-corruption agencies can curb corruption by ensuring transparency, accountability, and an independent judiciary combined with a free press.
Corporate governance refers to the structures and processes used to direct and manage companies in the interests of all stakeholders. The basic principles of corporate governance include accountability, transparency, fairness, integrity, responsibility and commitment. Good corporate governance enhances company performance, access to capital, and long-term prosperity while providing barriers against corruption. Both public and private sectors benefit from good corporate governance through better management, resource allocation, and reduced financial risk.
The Companies Bill 2012 was passed in the Lok Sabha on 18 December 2012. The bill seeks to consolidate and improve corporate governance and further strengthen the regulations for the corporates. One of the noticeable features of the bill is introduction of the most debated concept of Corporate Social Responsibility (CSR). The attached presentation by Ms Gayatri Subramanian, Program Coordinator - CSR & Corporate Governance, Indian Institute of Corporate Affairs, New Delhi, presents a clear picture on the new CSR Bill.
This presentation explains the concept of Corporate Social Responsibility and strategy ti=o implement it as well. At the same time, MICROSOFT CO. is chosen to illustrate the idea and as well explained how it managed to be the 1st in the the list of THE FORBES magazine.
The document discusses various aspects of corporate governance including:
1. The history and key concepts of corporate governance such as the separation of ownership and control.
2. The roles of boards of directors, accountants, banks, creditors, shareholders and regulations in ensuring good corporate governance.
3. Emerging issues like the Sarbanes-Oxley Act and reforms in the Philippines.
An IT security audit is an independent analysis of a company's IT system controls, policies, and procedures to evaluate their adequacy and ensure compliance. The document discusses the importance of governance, risk management, and compliance for IT security audits. It also outlines the audit process, future trends including a focus on risk and analytics, and regulatory issues concerning frameworks, cybersecurity, and auditing standards.
The document discusses how businesses have become increasingly reliant on technology and interconnected networks, leaving them more vulnerable to cyber risks. It outlines how COSO can be used as a framework to help organizations manage cyber risks and controls. Specifically, it describes how the five components of internal control - control environment, risk assessment, control activities, information and communication, and monitoring activities - relate to cyber risk management and can help organizations take a holistic, risk-based approach to addressing this challenge in a secure, vigilant and resilient manner.
ISO 37001 Implementation - The Key to Protecting Your Company’s ReputationPECB
No organization can afford to take the risk of bribery lightly. Investors need assurance that they have made every possible effort to prevent bribery at all levels of the organization. The webinar will list some of the measures, which must be implemented if an organization wants to prevent and detect bribery appropriately.
Presenter:
The presenter of this topic is Mr. Jacob Mc Clean, PECB Trainer and the Principal and Managing Director of Kaizen Training & Management Consultants Limited.
Organizer: Alba Keqa
Date: November 17, 2016
Link of the recorded session published on YouTube: https://youtu.be/Aa-yNO74HRY
This document summarizes a presentation about mapping cybersecurity programs to CIP compliance. The presentation discusses:
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Corporate social responsibility under section 135 companies act 2013 digital forsenics_sundar rodriguez
1. CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
(CSR) UNDER SECTION 135 OF(CSR) UNDER SECTION 135 OF
COMPANIES ACT 2013 – DIGITALCOMPANIES ACT 2013 – DIGITAL
FORENSICSFORENSICS
Loyola College,Loyola College, -- Sundar A. Rodriguez M.Com.,FCA.,DISA.,CFSA(USA).,Sundar A. Rodriguez M.Com.,FCA.,DISA.,CFSA(USA).,
ChennaiChennai Research Scholar, Commerce DepartmentResearch Scholar, Commerce Department
- Dr. T. Joseph M.Com., M.Phil., MBA.,PhD.,- Dr. T. Joseph M.Com., M.Phil., MBA.,PhD.,
Associate Profession, Commerce DepartmentAssociate Profession, Commerce Department
2. CORPORATE SOCIAL RESPONSIBILITYCORPORATE SOCIAL RESPONSIBILITY
CSR is “theCSR is “the responsibilityresponsibility of enterprises forof enterprises for their impacts on societytheir impacts on society”.”.
To completely meet their social responsibility, enterprises “should have in place aTo completely meet their social responsibility, enterprises “should have in place a
process toprocess to integrate social, environmental, ethical human rights and consumerintegrate social, environmental, ethical human rights and consumer
concernsconcerns into theirinto their business operationsbusiness operations andand core strategycore strategy in close collaborationin close collaboration
with their stakeholders” .with their stakeholders” .
Ref: (http://ec.europa.eu/enterprise/policies/sustainable-Ref: (http://ec.europa.eu/enterprise/policies/sustainable-business/corporate-social-business/corporate-social-
responsibility/index_ en.htm)responsibility/index_ en.htm)
3. CSR – DEFINITION IN COMPANIES ACT 2013CSR – DEFINITION IN COMPANIES ACT 2013
SECTION 135SECTION 135
1)1)Every company having aEvery company having a net worthnet worth of rupees five hundred crore or moreof rupees five hundred crore or more (100 million $(100 million $
or more),or more), or aor a turnoverturnover of rupees one thousand crore or moreof rupees one thousand crore or more (200 million $ or more)(200 million $ or more) ,,
oror a net profita net profit of rupees five crore or moreof rupees five crore or more (1 million $ or more)(1 million $ or more) during any financialduring any financial
year shall constitute a Corporate Social Responsibility Committee of the Board consisting ofyear shall constitute a Corporate Social Responsibility Committee of the Board consisting of
three or more directors, out of which at least one director shall be an independentthree or more directors, out of which at least one director shall be an independent
director;director;
4. AMOUNT TO BE SPENT FOR CSRAMOUNT TO BE SPENT FOR CSR
Section 135 (5)Section 135 (5)
The Board of every company covered under CSR shall ensure for every financialThe Board of every company covered under CSR shall ensure for every financial
year that:year that:
At least 2% of averageAt least 2% of average net profitsnet profits of the company made during 3 immediatelyof the company made during 3 immediately
preceding financial yearspreceding financial years is spent on CSR.is spent on CSR.
This spending to be made in pursuance of its laid CSR Policy.This spending to be made in pursuance of its laid CSR Policy.
6. IMPLEMENTATION OF CSRIMPLEMENTATION OF CSR
• Corporates can do it on its own with a separate section or department within itsCorporates can do it on its own with a separate section or department within its
existing frameworkexisting framework
• Through other entity formed for the said purpose by the corporatesThrough other entity formed for the said purpose by the corporates
• Tie up with an existing Non-Governmental-Organizations (NGOs)Tie up with an existing Non-Governmental-Organizations (NGOs)
7. MARRIAGE OF CONVENIENCEMARRIAGE OF CONVENIENCE
• Corporates:Corporates: NGOsNGOs
• Profit DrivenProfit Driven Not for profitNot for profit
• Has clear cut security policyHas clear cut security policy Open endedOpen ended
• Well aware of the digital impactWell aware of the digital impact Does not care muchDoes not care much
• Wishing to have its secret a secretWishing to have its secret a secret Open book policyOpen book policy
• Defined stakeholdersDefined stakeholders Whole society is its stakeholdersWhole society is its stakeholders
• Governed by corporate and taxationGoverned by corporate and taxation Impact of FCRA etc.Impact of FCRA etc.
8. OBJECTIVESOBJECTIVES
The major objectives of the study are:
(1)To study the factors affecting the implementing the Corporate Social Responsibility
(CSR) from fraud perspective,
(2)(2) To ascertain ways and means to properly identify the red flags of fraud; especially in
a digitized scenario;
(3)(3) To find ways to leave out a digital trail for the activities so that if needed at a later
stage it would be easier to do forensic analysis, and
(4)(4) To give suggestions to the policy makers like Government and other stakeholders
like implementing agencies, oversight agencies like auditors including the C & A. G and
police/judicial officials.
9. METHODOLOGYMETHODOLOGY
This is based on the Conceptual Research concept, mainly
because the impact of the CSR on fraud would only be known
at the end of this financial year and there is no primary data as
of now, and this is done relying on the secondary data and
review of the literature including the appropriate standards
and policies on accounting issued both at national and
international level.
10. DIFFERENCES FROM DIFFERENTDIFFERENCES FROM DIFFERENT
PERSPECTIVESPERSPECTIVES
• AccountingAccounting
• LegalLegal
• GovernanceGovernance
• StandardsStandards
• AwarenessAwareness
• FunctioningFunctioning
• OthersOthers
11. NGO – RED FLAGSNGO – RED FLAGS
• Non segregation of dutiesNon segregation of duties
• Cross fundingCross funding
• Concentration of powerConcentration of power
• Dual ownership of programsDual ownership of programs
• Networking of NGOsNetworking of NGOs
• Impact of Community Based organizations (CBOs)Impact of Community Based organizations (CBOs)
• Impact of activismImpact of activism
12. DIGITAL COMPLEXITIES - NGOSDIGITAL COMPLEXITIES - NGOS
• The data source for the activities are not confined to the data generated by NGOThe data source for the activities are not confined to the data generated by NGO
• Multiple stakeholders generating and accessing dataMultiple stakeholders generating and accessing data
• Open book approachOpen book approach
• Linking of activity report with financial data – string matching complexitiesLinking of activity report with financial data – string matching complexities
• Possibility of NGO database being used as Botnet, and NGOs and CBOs being zombies.Possibility of NGO database being used as Botnet, and NGOs and CBOs being zombies.
• No clear security policyNo clear security policy
• Access control issuesAccess control issues
• Use of multiple applicationsUse of multiple applications
• Licensing issuesLicensing issues
• Geographical distribution – in accessible areasGeographical distribution – in accessible areas
13. CORPORATES – STEPS TO BE TAKEN TOCORPORATES – STEPS TO BE TAKEN TO
SAFEGUARD ITSELFSAFEGUARD ITSELF
• Data ownership – Tripartite agreement – Accessing DataData ownership – Tripartite agreement – Accessing Data
• Third party role – clear definition – ISP, foreign funding agencies, Network, CBOThird party role – clear definition – ISP, foreign funding agencies, Network, CBO
• Email back up, issues with ISPs, Mail system providerEmail back up, issues with ISPs, Mail system provider
• Deciding on framework for forensics – Computer forensic InvestigationDeciding on framework for forensics – Computer forensic Investigation
Methodology propounded by Kruse and Heiser, United States of America’sMethodology propounded by Kruse and Heiser, United States of America’s
Department of Justice model, one developed by the Digital Forensics ResearchDepartment of Justice model, one developed by the Digital Forensics Research
Working Group, framework proposed by Reith and the last – model proposed byWorking Group, framework proposed by Reith and the last – model proposed by
Ciardhuain.Ciardhuain.
14. FORENSIC TOOLKIT AND CSRFORENSIC TOOLKIT AND CSR
• File viewersFile viewers
• Uncompressing filesUncompressing files
• Graphically displaying directory structuresGraphically displaying directory structures
• Identifying known filesIdentifying known files
• Performing string searches and pattern matchesPerforming string searches and pattern matches
• Accessing file metadataAccessing file metadata
• Impact of assurance framework – COBIT, NIST Special publication 800-53, ISO 17799, ITIL,Impact of assurance framework – COBIT, NIST Special publication 800-53, ISO 17799, ITIL,
Capability Maturity Model Integration (CMMI), Project Management body of Knowledge (PMBOK)Capability Maturity Model Integration (CMMI), Project Management body of Knowledge (PMBOK)
• Framework for cloud computing (CSA Security Matrix Jericho Forum Self Assessment scheme etc.)Framework for cloud computing (CSA Security Matrix Jericho Forum Self Assessment scheme etc.)
16. SUGGESTION FOR POLICY MAKERS ANDSUGGESTION FOR POLICY MAKERS AND
OVERSIGHT BODIESOVERSIGHT BODIES
• Applicability of International Accounting Standards be made mandatoryApplicability of International Accounting Standards be made mandatory
• Specific guidance from MCASpecific guidance from MCA
• Clarity on reportingClarity on reporting
• ICAI to come up with guidance notesICAI to come up with guidance notes
• System audit of NGOs be made mandatorySystem audit of NGOs be made mandatory
• TRAI can come up with special guidelines for the CSPs to have common protocol or framework for cloud computingTRAI can come up with special guidelines for the CSPs to have common protocol or framework for cloud computing
• Law enforcement agencies be given proper training for understanding the “developmental sector’s terminology andLaw enforcement agencies be given proper training for understanding the “developmental sector’s terminology and
jargons, and to understand the complexities with specific reference to reporting for compliance purposes, oversee thatjargons, and to understand the complexities with specific reference to reporting for compliance purposes, oversee that
NGO does not send classified information unwittingly to foreign sources.NGO does not send classified information unwittingly to foreign sources.
• Use of NGO as frontal organization for fraud including cross-border crime, organized crimes, sham for transfer of blackUse of NGO as frontal organization for fraud including cross-border crime, organized crimes, sham for transfer of black
money.money.
17. MAJOR FINDINGSMAJOR FINDINGS
• CSR as a mandatory one is of recent origin. However, the impact due to its size in terms of
value is mind boggling. Further the reach of the CSR activities is going to affect the very
fabric of the society as a whole. This parallel populist schemes that attracts the attention
of all the stakeholders concerned, makes it more prone to further scrutiny from all
angles; and for that the digital forensics could be of use. However, this could be achieved
with the clear understanding of not only those who are involved in the digital forensic,
but also other law enforcement authorities to have a clear understanding of the concepts
and functioning of the not for profit organizations, including community based
organizations. They should also be aware of other legal provisions which are applicable
only to NGO, for example Foreign Contribution (Regulation) Act etc. Not only that the
relevant guidelines and procedures should be put in place in the Companies Act, as to
how the oversight mechanism in the digitized world has to take place in case of CSR
program.
• This opens a wide new area of challenge for the digital forensics to reorient themselves
to understand how the NGO functions and how it had evolved itself, and what would be
the effect of the merging of dichotomy of ideas – corporates with NGOs.
18. RECOMMENDATIONRECOMMENDATION
• The oversight mechanism should be given appropriate guidelines, based on the
approved and/or suggested standards and guidelines for the accounting and reporting of
the CSR activities, to enable them to discharge their function more efficiently and
effectively. If that is not done the very spirit of the law which spurred the formulation of
CSR would be defeated.
• If the oversight mechanism finds something amiss then they have to fall back on digital
forensics to back up their apprehensions, and for that the digital forensics should be
ready to face the challenge that is posed by the CSR which is of very recent origin, and
would evolve as the time goes on and with the changes made in the rules and regulations
governing it not only from the corporate perspective but also from the NGO perspective.
• Different stakeholders in the CSR program would be invariably affected due to the usage
of cloud computing or such other mechanism which provides for seamless transmission of
data insofar as it pertains to CSR program, and that increases the risk of vulnerability and
for that forensic tools and strategy should be used not only when anything goes wrong
but also as a deterrent and to safeguard one’s own interest.