International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
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 |
Provisions for Corporate Social Responsibility in Companies Act, 2013RHIMRJ Journal
CSR as a concept has attracted worldwide attention and acquired a new resonance in the global economy Heightened
interest in CSR in recent years has stemmed from the advent of globalisation and international trade, which has reflected in
increased business complexity and new demands for enhanced transparency and corporate citizenship. Moreover, while
Governments have traditionally assumed the sole responsibility for the improvement of the living conditions of the population,
society’s needs have exceeded the capabilities of Governments to fulfill them. In this context, the spotlight is increasingly
turning to focus on the role of business in society and progressive companies are seeking to differentiate themselves through
engagement in what is referred to as CSR. The Companies Act, 2013 has taken one step ahead and introduced mandatory
provisions in the field of CSR. Though many believe that concerns on the new company law are manifold and it is a bold yet
not beautiful step. For instance, India Inc is concerned that the cost of board performance evaluation may outweigh the
benefits for many small companies in this regard. Also, it has concerns about the prospect of an over regulated regime and the
attendant scourge of corruption. Given the advantages and concerns on the new regulations introduced by the new Companies
Act, we all need to wait and watch once the companies start implementing the new provisions and therefore, the practical
aspects and implications will be evaluated thereafter.
A Handbook on Corporate Social Responsibility in India developed by CII and PWC has been released at the CII National CSR- CSO Bridge 2013. The Handbook, brought out against the backdrop of the recently passed Companies Bill, which necessitates the provision of 2 percent spend on CSR, is a guidance document for industry for (a) Facilitate development of CSR mandate within organisations and help streamline dialogue within the industry (b) Provide a framework that companies can use to plan and implement CSR activities by addressing the ‘why CSR’ and ‘How to put CSR into action.’ (c) Help industry in identifying NGO partners for CSR implementation.
CSR-Legislation In India & the world
Section 135 of Companies Act 2013
Scope for CSR Activities under Schedule VII
Appointment of Independent Directors on the Board
The Drivers of CSR in India
Changing expectations of social responsibility
four faces of social responsibility
the regulatory environment in India Counter trends
Performance in major business and programs
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 |
Provisions for Corporate Social Responsibility in Companies Act, 2013RHIMRJ Journal
CSR as a concept has attracted worldwide attention and acquired a new resonance in the global economy Heightened
interest in CSR in recent years has stemmed from the advent of globalisation and international trade, which has reflected in
increased business complexity and new demands for enhanced transparency and corporate citizenship. Moreover, while
Governments have traditionally assumed the sole responsibility for the improvement of the living conditions of the population,
society’s needs have exceeded the capabilities of Governments to fulfill them. In this context, the spotlight is increasingly
turning to focus on the role of business in society and progressive companies are seeking to differentiate themselves through
engagement in what is referred to as CSR. The Companies Act, 2013 has taken one step ahead and introduced mandatory
provisions in the field of CSR. Though many believe that concerns on the new company law are manifold and it is a bold yet
not beautiful step. For instance, India Inc is concerned that the cost of board performance evaluation may outweigh the
benefits for many small companies in this regard. Also, it has concerns about the prospect of an over regulated regime and the
attendant scourge of corruption. Given the advantages and concerns on the new regulations introduced by the new Companies
Act, we all need to wait and watch once the companies start implementing the new provisions and therefore, the practical
aspects and implications will be evaluated thereafter.
A Handbook on Corporate Social Responsibility in India developed by CII and PWC has been released at the CII National CSR- CSO Bridge 2013. The Handbook, brought out against the backdrop of the recently passed Companies Bill, which necessitates the provision of 2 percent spend on CSR, is a guidance document for industry for (a) Facilitate development of CSR mandate within organisations and help streamline dialogue within the industry (b) Provide a framework that companies can use to plan and implement CSR activities by addressing the ‘why CSR’ and ‘How to put CSR into action.’ (c) Help industry in identifying NGO partners for CSR implementation.
CSR-Legislation In India & the world
Section 135 of Companies Act 2013
Scope for CSR Activities under Schedule VII
Appointment of Independent Directors on the Board
The Drivers of CSR in India
Changing expectations of social responsibility
four faces of social responsibility
the regulatory environment in India Counter trends
Performance in major business and programs
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Changing dimensions of corporate social responsibility in indiaTapasya123
Corporate Social Responsibility is gradually moving from its historical focus on business
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
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.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
Corporate social responsibility - Aadhit B Balaji Aadhit 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 it’s Global Impact.
- Clause 135, Companies Act, 2013
- Companies (CSR Policy) Rules, 2014
Stakeholders Perceptions regarding Usefulness of Corporate Social Responsibil...professionalpanorama
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Current trends and opportunities in CSR
CSR as a strategic business tool for sustainable development
Review of successful corporate initiatives & challenges of CSR
Case Studies of Major CSR Initiatives
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
Keywords: Corporate Social Responsibility, Organisations, Companies Act, Charity.
Corporate social responsibility status in indiaTapasya123
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Changing Dimensions of Corporate Social Responsibility in Indiaprofessionalpanorama
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
Changing dimensions of corporate social responsibility in indiaTapasya123
Corporate Social Responsibility is gradually moving from its historical focus on business
philanthropy to a broader set of activities and integrates the practice of CSR into
the core strategy of the organisation. CSR is evolving in response to profound external
forces, including meeting legal and regulatory obligations and responding to the broader
public opinions. For many developing countries, a major limitation to CSR studies
has been the difficulties associated with proper legislative measures and measuring
CSR practices. CSR index can be used to calculate the level of a company’s CSR
practices. Developing countries need a suitable CSR structure to implement CSR practices
in order to be able to identify the advantages for their stakeholders. Companies need
to identify the importance of cultivating a new set of CSR practices in order to compete
successfully in a global market. CSR is gradually metamorphosing from a mere philosophy
to a strong business case for Indian industry.
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.
Social Enterpreneurship: A Form of Social Responsibility in Indiaprofessionalpanorama
The social and economic hardships in India can be overcome through the innovation and
promotion of best practices and positive models as well as by spreading good examples of
social entrepreneurship and social responsibility. A major future challenge is not the proper
implementation of 2% Corporate Social Responsibility mandate but to ensure contribution of
businesses to reduce the problems and work for the betterment of the society by sustainable
means. The paper highlights the importance of social entrepreneurial ideas for improving the
business climate in the country. Social entrepreneurship is becoming a popular form of social
responsibility and a way to solve a variety of urgent social problems. In order for a society to
boost social entrepreneurship, it needs a specific environment where such ideas can emerge
and develop into an active business models. This paper aims to provide a comprehensive
literature review of terms social responsibility and social entrepreneurship. It also examines
the current social entrepreneurship activities in India. The paper concludes that social
entrepreneurship has a better impact and more desirable than Corporate Social
Responsibility.
Corporate social responsibility - Aadhit B Balaji Aadhit 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 it’s Global Impact.
- Clause 135, Companies Act, 2013
- Companies (CSR Policy) Rules, 2014
Stakeholders Perceptions regarding Usefulness of Corporate Social Responsibil...professionalpanorama
A business enterprise is considered as a social unit which conducts its activities within the
society; therefore, it is perceived that business houses should fulfil its responsibilities towards
society. Traditional management approaches have regarded the business unit as a robust
economic engine which drives shareholders wealth. But modern management approach has
hold that transparent economic and social progress should go hand in hand. This concept led
to the emergence of Corporate Social Reporting and Disclosure (CSRD). It provides better
understanding on social activities of a business towards various stakeholders like employees,
investors, consumers, government, suppliers, shareholders and the whole community which
helps an entity to make cordial relationship with its stakeholders. Unfortunately, despite of
increasing attention towards CSR, the development of CSRD is very slow especially in the
developing countries like India. There has been very little work which has studied how Indian
companies gratify perceived needs of different stakeholders for information relating to social
and environmental impacts. Thus, this paper aims at exploring the views and perceptions
amongst different stakeholders for evaluating the usefulness of corporate social reporting
and disclosure for them. The nature of study was descriptive research and data source was
primarily primary. It may also be termed as Ex post facto research because the researcher has
no control over the variables and has to report what has happened or what is happening.
Based on the research outcomes, some recommendations are suggested in relation to
corporate social reporting and disclosure practices in general and within Indian context in particular for future development of corporate social reporting and disclosures in transitional
economies like India.
Current trends and opportunities in CSR
CSR as a strategic business tool for sustainable development
Review of successful corporate initiatives & challenges of CSR
Case Studies of Major CSR Initiatives
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
Keywords: Corporate Social Responsibility, Organisations, Companies Act, Charity.
Corporate social responsibility status in indiaTapasya123
In India from ancient time social responsibility is known as social duty or
charity, which is changing its nature in broader aspect, known as
Corporate Social Responsibility. Corporate Social Responsibility is defining
as a concept whereby companies integrate social and environmental
concerns in their business operations and in their interaction with their
stakeholders on a voluntary basis. Now a day’s organisations have realised
that ultimate goal is not profit making besides this trust building is viable
and assert able with societal relationship. Many of the leading companies
had realised the importance of being associated with social relevant causes
as a means of promoting their brand. Though, Indian companies are
practicing the Corporate Social Responsibility for decades but still it is at
its growth. A lack of understanding, inadequately trained personnel, policy
etc further adds to the reach and effectiveness of Corporate Social
Responsibility programs. This paper tries to focuses on the present status of
Corporate Social Responsibility in India.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Use of Saw Dust Ash as Partial Replacement for Cement In Concreteinventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Performance of Composite Materials Using a Novel Techniqueinventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Removal of Heavy Metals from Aqueous Solutions by Modified Activated Carbon f...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Analysis of Stiffeners in a Semi Monocoque System of an Air Craftinventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Bit Error Rate Assessment of Digital Modulation Schemes on Additive White Gau...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Analysis and Optimization Of Boring Process Parameters By Using Taguchi Metho...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The Effect of Process Parameters on Surface Roughness in Face Millinginventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Analysis of Heavy Metals in fish,water and sediment from Bay of Bengalinventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Matlab Implementation of Baseline JPEG Image Compression Using Hardware Optim...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Existence of Solutions of Fractional Neutral Integrodifferential Equations wi...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Infrared Spectral and EPR Studies of Mn2+ Ions Doped K2O - CdO - B2O3 - SiO2 ...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Implementation and Simulation of Ieee 754 Single-Precision Floating Point Mul...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Structural And Metamorphic Evolution Of The Melur Migmatites, In Melur Regio...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Relationships among Supplier Selection Criteria using Interpretive Structural...inventionjournals
International Journal of Engineering and Science Invention (IJESI) is an international journal intended for professionals and researchers in all fields of computer science and electronics. IJESI publishes research articles and reviews within the whole field Engineering Science and Technology, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online
Corporate social responsibility an opportunity to improve the status of soc...CA. (Dr.) Rajkumar Adukia
This article will provide us the overall idea about corporate social responsibility from root level to top level. The main motive behind the formation of this concept is the economic contribution of companies to society
Assessment of CSR Law in Companies Act, 2013 – An Analysis of the Performance...inventionjournals
Introduction: The new law making CSR expenditure and reporting mandatory for certain companies is a new chapter in the Indian corporate world and has provided a necessary boost to the status of companies’ responsibility towards the stakeholders, and transparency and accountability of their actions. Need: The mandatory 2% spending of profits on CSR activities got mixed reaction from corporate executives. To ensure that the enforcement of the law isn’t limited to the term “cheque-book CSR”, regular exploration of the companies’ CSR expenditures and their consequent outcomes is absolutely essential. Objective: The paper aims to assess the outcome of Section 135 of the Companies Act, 2013, in the first year of its implementation among the BSE-SENSEX companies. Research methodology: Secondary sources were utilized for collecting profits and CSR expenditure figures of the selected 30 companies for conducting an ex-post analysis for the year 2014-15. Key findings of the study: Less than 15% of the BSE-SENSEX companies had spent on CSR activities an amount that is equal to or greater than the stipulated 2% of the average profits of the preceding 3 years as per Section 135 of Companies Act, 2013. Implications: Immediate attention of regulatory bodies is desired towards companies failing to dispense the funds earmarked for CSR as stipulated by the law to ensure compliance.
Concept of Corporate social responsibility
2. Types of CSR
3. Advantages
4. Concept of CSR under Indian law
5. Companies involved in CSR
6. Concept of CSR under English law
7. Conclusion
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
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Exploring Patterns of Connection with Social Dreaming
E0351038042
1. International Journal of Business and Management Invention
ISSN (Online): 2319 – 8028, ISSN (Print): 2319 – 801X
www.ijbmi.org Volume 3 Issue 5 ǁ May. 2014ǁ PP.38-42
www.ijbmi.org 38 | Page
Responsibilites of Corporates Towards Society
Ashish Pant
1
(Assistant Professor D.A.V degree college, BBA deptt , kharkhauda , Meerut , India)
ABSTRACT : The objective of this article is to introduce the idea of corporate responsibilities towards the
society. In this article the secondary data is used to show how a business firm is more than an economic
institution. A business must work beyond the narrow goal of profit making and should operate in the overall
interest of society. Today Corporate social Responsibility (CSR) is one of the newest management strategies
where companies try to create a positive impact on society while doing business. Among other
countries India has one of the most richest traditions of CSR. Much has been done in recent years to make
Indian Entrepreneurs aware of social responsibility as an important segment of their business activity but CSR
in India has yet to receive widespread recognition. As the corporate social responsibilities movement grew
many companies pledged to improve their social and environmental performance based on csr. Basically csr of
business implies that businessmen must consider public interest while taking business decisions and actions.
KEYWORDS: Corporate social responsibility, Responsibility,Companies act,Csr policy,Corporates
I. INTRODUCTION
A business cannot ignore the society it refers to what business does over and above the statutory
requirement for the benefit of the society. CSR emphasizes that business has some moral obligations towards the
society .In terms of the Howard Bowen “ Social responsibilities refers to the obligation to pursue those policies,
to make those decisions, or to follow those lines of action which are desirable in terms of objectives and values
of our society “. Indian business, which is today viewed globally as a responsible component of the ascendancy
of India, is poised now to take on a leadership role in the challenges of our times. It is recognized the world over
that integrating social, environmental and ethical responsibilities into the governance of businesses ensures their
long term success, competitiveness and sustainability. The 21st century is characterized by unprecedented
challenges and opportunities, arising from globalization, the desire for inclusive development and the
imperatives of climate change. Today modern business is large and complex catering to the national and even
global markets. It exercise a definite and extensive influence on our economic and social life styles.
II. CONCEPT OF CSR
The concept of CSR is first came up in 1953 when it bring in academic topic in H R Bowen’s “Social
Responsibilites of Business “ since then the concept of csr is coutinuous a debatable topic after its
implementation . One of the most contemporary definitions is from the World Bank Group, stating, “Corporate
social responsibility is the commitment of businesses to contribute to sustainable economic development by
working with employees, their families, the local community and society at large, to improve their lives in ways
that are good for business and for development”. Corporate social responsibility also known as corporate
responsibility, corporate citizenship, responsible business, sustainable responsible business or corporate social
performance(SRB) is a form of corporate self regulation integrated into a business model. CSR needs a proper
step by step procedure to follow Andrew(1980) has developed a four questions strategy. His four key questions
suggest the approach that company may follow in determining the level of CSR activity. These four questions
are as follows :-
[1] Determining Organizational Competencies: what can we do?
[2] Looking at Industry threats and opportunities: what might we do?
[3] Examining the values of key implementers: what do we want to do?
[4] Determining the social responsibility: what ought we to be doing?
By finding out answers to these questions managerial decisions can be molded towards serving a
strategic need. This means CSR in practical terms is an ongoing process, constantly monitoring the
environment and inter and intra firm relationships. The concept of csr means the obligation of a business
towards different group of society which are as discussed below :-
2. Responsibilites Of Corporates Towards…
www.ijbmi.org 39 | Page
RESPONSIBILITY TOWARDS SOCIETY :- Every business owes an obligation to the society at large. The
specific responsibilities of business towards society are discussed below :-
IMPROVEMENT OF LOCAL ENVIRONMENT : A good organization develops the well-being
surroundings for its workers and the general public. Management has to take the responsibility to provide the
healthy environment conditions. It should take the preventive measures against water and air pollution and also
contribute to the community development activities.
CREATES EMPLOYMENT:- It is the responsibility of a management to provide the employment
opportunities in the area where it is functioning .
BEST UTILISATION OF RESOURCES:- All the resources used by the organization belong to the society.
Management should also consider the best possible utilisation of the resources such as capital, raw material,
,machines and technology used by the organization.
RESPONSIBILITY TOWARDS WORKERS :- Workers manpower is backbone of any corporate and the
management should treat the workers as the human beings and their co-operation must be achieved for the
accomplishment of the organization objectives. The management should fulfill the following obligations toward
its employees:-
PROVIDE ADEQUATE SERVICE BENEFITS:- Workers should provide the service benefits such as the
housing facilities , medical benefits , insurance cover and retirement benefits .These benefits helps them to feel
secure in the organization.
RCOGNISE THE WORKERS PARTICIPATION:- The organization should recognize the participation of
the workers in their decision making process regarding their fair wages, easy meeting of their superiors for
working or personnel related problems.
PROVIDE OPPORTUNITY FOR GROWTH:- The management should help the workers by providing
training and other means to improve their skills, educations and enjoyment of freedom to the greatest possible
extent.
RESPONSIBILITY TOWARDS CUSTOMERS:- Providing customers satisfaction is the ultimate aim of all
the economic activities. Customers is the king who are responsible to create the goodwill of the organization.
Poor quality ,failure to give measures , lack of services , misleading of dishonest advertising are some of the
examples of the violation by business of its obligations towards the customers of its products. It is the duty of
the management to take care of the following points:-
PROVIDE RIGHT INFORMATION:-The management should ensure that advertisement and statement
issued by the business are true and fair.
REGULAR FLOW OF GOODS:- Customers always attracted to that part of business who makes goods of the
right quality available to the right people at the right time and place at reasonable price.
COURTEOUS SERVICE:- The business should provide the adequate and courteous service to customers, and
handle their grievances carefully.
RESPONSIBILITY TOWARDS SHAREHOLDERS AND OWNERS:- There is a separation of ownership
and management in case of joint stock companies. The management or the directors of the company are
responsible for safeguarding the interest of the shareholders. But in case of sole trader ship and partnership
concerns, the owners can look after their interest themselves:-
UPDATE INFORMATION:- It is the responsibility of the management to keep the shareholders well inform
about the update information related to the company progress and its financial position . These information
helps in taking the decision or making the strategy for future.
REASONABLE DIVIDEND:- Shareholders expect the high rate of dividend on the money invested by them
and also the maximization of the value of their investment in the company.
3. Responsibilites Of Corporates Towards…
www.ijbmi.org 40 | Page
FINANCIAL POSITION:- It is the responsibility of the management to see that financial position of the
company is sound and the company always looking for the growth. Funds are the backbone of the company,
utilization of funds should be careful.
III CORPORATE SOCIAL RESPONSIBILITY IN INDIA
The Companies Act, 2013 has introduced the idea of CSR to the forefront and through its disclose-or-
explain mandate, is promoting greater transparency and disclosure. Schedule VII of the Act, which lists out the
CSR activities, suggests communities to be the focal point. On the other hand, by discussing a company’s
relationship to its stakeholders and integrating CSR into its core operations, the draft rules suggest that CSR
needs to go beyond communities and beyond the concept of philanthropy. It will be interesting to observe the
ways in which this will translate into action at the ground level, and how the understanding of CSR is set to
undergo a change.The CSR provisions within the Act is applicable to companies with an annual turnover of
1,000 crore INR and more, or a net worth of 500 crore INR and more, or a net profit of five crore INR and more.
The new rules, which will be applicable from the fiscal year 2014-15 onwards, also require companies to set-up
a CSR committee consisting of their board members, including at least one independent director.The Act
encourages companies to spend at least 2% of their average net profit in the previous three years on CSR
activities. The ministry’s draft rules, that have been put up for public comment, define net profit as the profit
before tax as per the books of accounts, excluding profits arising from branches outside India. The Act lists out a
set of activities eligible under CSR. Companies may implement these activities taking into account the local
conditions after seeking board approval. The indicative activities which can be undertaken by a company under
CSR have been specified under Schedule VII of the Act.
List of activities under schedule VII
The CSR committee will be responsible for preparing a detailed plan on CSR activities, including the
expenditure, the type of activities, roles and responsibilities of various stakeholders and a monitoring
mechanism for such activities. The CSR committee can also ensure that all the kinds of income accrued to the
company by way of CSR activities should be credited back to the community or CSR corpus.
IV. REPORTING
The new Act requires that the board of the company shall, after taking into account the
recommendations made by the CSR committee, approve the CSR policy for the company and disclose its
contents in their report and also publish the details on the company’s official website, if any, in such manner as
may be prescribed. If the company fails to spend the prescribed amount, the board, in its report, shall specify the
reasons.Role of the board and the CSR committee
Promotion
of
Education
Eradication of
Extreme hunger
and poverty
Gender Equity
and Women
Empowerment
Reducing child mortality
and improving maternal
health
Employment
enhancing
vocational skills
Contribution to prime
minister relief fund and
other states fundSocial Business
Projects
4. Responsibilites Of Corporates Towards…
www.ijbmi.org 41 | Page
---------------------- Form a CSR Committee
---------------------- Approve the CSR Policy
---------------------- Ensure Implementation of the Activities of CSR
---------------------- Ensure 2% Spend
---------------------- Three or more director with at least one independent director
---------------------- Formulate and recommend a CSR policy to the Board
---------------------- Recommend activities and the amount of expenditure incurred
---------------------- Monitor the CSR policy from time to time
Social responsibility means sustaining the equilibrium between the two. It pertains not only to business
organizations but also to everyone whose any action impacts the environment. This responsibility can be
passive, by avoiding engaging in socially harmful acts, or active, by performing activities that directly advance
social goals.
IV A REPORT OF TATA GROUP OF INDIA
Clause No. 10 of Tata Group
“A Tata Company shall be committed to be a good corporate citizen not only in compliance with all relevant
laws and regulations but also by actively assisting in the improvement of the quality of life of the people in the
communities in which it operates with the objective of making them self reliant. Such social responsibility
would comprises, to initiate and support community initiatives in the field of community health and family
welfare, water management, vocational training, education and literacy and encourage application of modern
scientific and managerial techniques and expertise. This will be reviewed periodically in consonance with
national and regional priorities. The company would also not treat these activities as optional ones but would
strive to incorporate them as integral part of its business plan. The company would also encourage volunteering
amongst its employees and help them to work in the communities. Tata companies are encouraged to develop
social accounting systems and to carry out social audit of their operations.”
Tata Steel’s CSR Policy
“Tata Steel believes that the primary purpose of a business is to improve the quality of life of people. Tata Steel
will volunteer its resources, to the extent it can reasonably afford, to sustain and improve the quality of life of
the people of the areas in which it operates”. Tata Steel’s commitment to its corporate social responsibility
(CSR) also finds reflection in its adoption of the Corporate Citizenship Index, Tata Business Excellence Model
and the Tata Index for Sustainable Development. Tata Steel spends 5-7 per cent of its profit after tax on several
CSR initiatives. Broadly speaking, the company’s CSR initiatives are spread across three core areas - employee
welfare, the environment and the welfare of the community at large.
(a) Supports Social Welfare Organisations: To achieve its desired objectives in this regard, Tata Steel
supports various social welfare organisations. They include the Tata Steel Rural Development Society, Tribal
Cultural Society, Tata Steel Foundation for Family Initiatives, National Association for the Blind, Shishu
Niketan, School of Hope, Centre for Hearing Impaired Children and the Indian Red Cross Society, East
Singhbhum. Tata Steel has hosted 12 Lifeline Expresses in association with the Ministry of Railways, Impact
India Foundation and the Government of Jharkhand. It has served over 50,000 people. Five thousand people
have availed of surgical facilities and over 1,000 people received aids and appliances. .
(b) Self-Help Groups (SHG’s): The National Horticulture Mission programme that has been taken up in
collaboration with the Government of Jharkhand has already benefited more than a thousand households. Over
500 self-help groups are currently operating under various poverty alleviation programmes. Of this, over 200 are
engaged in activities of income generation thorough micro enterprises. Women’s empowerment programmes
through Self-Help Groups have been extended to 700 villages.
(c.) Healthcare Projects: Other CSR activities of Tata Steel include facilitation of child education,
immunization and childcare, plantation activities, creation of awareness of AIDS, healthcare projects and
promotion of sporting activities such as football and archery. In its 100th year, the Tata Steel Centenary Project
has just been announced.
Role of the
Board
CSR
Committee
Role
5. Responsibilites Of Corporates Towards…
www.ijbmi.org 42 | Page
(d) Economic Empowerment: A programme aimed at economic empowerment through improvised agriculture
will be taken up in three backward tribal blocks in Jharkhand, Orissa and Chhattisgarh. A corpus of Rs 100 crore
has been earmarked for the purpose and the programme is expected to benefit 40,000 tribal living in over 400
villages in these three States.
V. CONCLUSION
CSR is an important issue in today’s business environment and it should be viewed as a process not as
a destination . Basically CSR is the relation between the society and the business without which the mutual
understanding between the society and the business not possible and it will affect the business environment.
Over the last five years, efforts have been made to strengthen the CSR movement through rigorous processes of
standardizing, reporting, and auditing social and environmental performance. Yet, progress is limited by the
reality that CSR remains a purely voluntary, self-regulated movement. CSR are important to and even expected
by the public, it helps organization hire and retains the people, its activities contribute to the business
performance. Corporate Social Responsibility (CSR) has assumed a new meaning in today’s world, given that it
has extended the boundaries of the firm into the society.
REFERENCES
[1] Hand book on corporate social responsibility (www.pwc.in)
[2] Articles published in Wikipedia about csr
[3]. Corporate Social Responsbility of Indian Business houses by Dhond Arvind mumbai
[4] A case study of tata group by amit kumar srivastava, Gayatri nagi,Vipul Mishar , Shradha Pandey.
[5] PublishedbookedofbsinessethicsbyDr.F.C.Verma