Please enable JavaScript.
Coggle requires JavaScript to display documents.
CORPORATIVE GOVERNMENT, EVOLUTION OF CORPORATE SOCIAL RESPONSIBILITY IN…
CORPORATIVE GOVERNMENT
PARTIES TO
CORPORATE
GOVERNANCE
COMPANY
SUPPLIERS
*sale of good law
GOVERNMENT AND PUBLIC AT LARGE
Companies required to function in public interest.
Regulatory mechanisms.
SMALL INVESTORS
*Disclosure
DOMINANT SHAREHOLDERS
Approval required for key decisions.
Board Appointment.
EMPLOYEES
Labour law
Contructual mechanisms
CUSTOMERS & CONSUMERS
Participation in winding up of a company.
Recovery statutos for public.
CHARACTERISTICS
OF GOOD
GOVERNANCE
*consensus oriented
*participatory
*follows the rule of law
*effective and efficient
*accountable
*transparent
*responsive
*equitable and inclusive
-The primary purpose of corporate leadership is to create wealth legally and ethically.
-This translate to bringing a high level of satisfaction to five constituencies: costumers, employees, investors, vendors and the society-at-large.
ISSUES INVOLVING CORPORATE
GOVERNANCE PRINCIPLES INCLUDE
*internal controls and internal auditions.
*oversight of the preparation of the entity's financial statement.
*oversight and management of risk.
*the way in which individuals are nominated for positions on the board.
EVOLUTION OF CORPORATE
SOCIAL RESPONSIBILITY IN INDIA
CORPORATE SOCIAL RESPONSIBILITY
BENEFITS OF CSR
SHAREHOLDERS VALUE
*enhanced reputation and stronger brand
*aliance with business
*better stakeholder relations
*attractive employer
*customer satisfaction loyalty and higher sales
*business opportunities
*cost savings
*minimise risks operations and M&A
*reduced regulatory invtervention
KEY PERSONS ABOUT CSR
MRS. RAJASHREE BIRLE
chairperson of the Aditya Birla
Centre for community Initiatives
and Rural Developments 17 days.
MR. N.R. NARYANA MURTHY
Chairman and Chief Mentor, Infosys Ltd.
CSR is a concept which suggests that commercial corporations must fulfill their duty of providing care to the society.
FIRST
PHASE
In the first phase charity and philanthropy were the main drivers of CSR.
with the arrival of colonial rule in India from the 1850s onwards, the approach towards CSR changed.
FOURTH
PHASE
(1980 UNTIL
PRESENT)
Indian companies started abandoning their traditional engagement with CSR and integrated it into a sustainable business strategy.
Indian companies who export and produce goals for the developed world need to pay a close attention to compliance eith the international standards.
SECOND PHASE
In the second phase during the independence movement, there was increased stress on Indian Industrialist to demonstrate their dedication towards the progress of the society.
Mahatma Grandhi introduced the notion of "trusteeship".
THIRD
PHASE
In spite of such attempts the CSR failed to catch steam.
Element of "mixed economy".
The public sector was seen as the prime mover of development.