Friedman (1970): ‘the social responsibility of business is to increase its profits’. This will make them more politically and culturally sensitive. Recommend the amount of expenditure to be incurred on the activities referred above and. Monitor the implementation of the CSR projects or programs or activities proposed to be undertaken by the … Corporate Social Responsibility - lectures Lecture 1. That means: - Use resources and capabilities to increase profits for shareholders - Stay within the rules of the game - Fiduciary responsibility of employees to owners, i.e. The annual net worth should be Rs 500 crore. The following companies have to spend on CSR, whose. WHAT DO WE MEAN BY CORPORATE SOCIAL RESPONSIBILITY? For example, Business in the Community published ‘Winning with Integrity’ in November 2000. Background: Before enactment of Companies Act, 2013 Corporate Social Responsibility (CSR) expenditure is at the discretion of the corporate however after enactment of Section 135 of CSR Companies Act 2013 such expenditure is made mandatory for certain corporate (Criteria given below). 1. The Whole Lot About Corporate Social Responsibility.

According to the rules of India CSR, companies whose annual net worth is Rs 500 crores or annual income of Rs 1000 crores or annual profit is 5 crores.
The survival of business … Responsibility toward customers: Customer satisfaction is the ultimate goal of business organization.They are the key source of earnings.Business organization need to satisfy their customers by producing goods and services of their choice and demand .Business cannot be successful unless customers are satisfied.The responsibilities of business toward customers are providing quality … Formulate and recommend to the Board, a Corporate Social Responsibility Policy which shall indicate that the activities to be undertaken by the company will be as specified in Schedule VII.

CORPORATE SOCIAL RESPONSIBILITY Introduction The debate about corporate social responsibility (CSR) began in the early 20th century, as concerns about large corporations and their power came to the fore.
There is an increasing focus by firms on examining their social responsibilities. Corporate social responsibility towards communities today implies both a deeper and a wider engagement than previously with the societies in which companies operate. The Corporate Social Responsibility (CSR) Rules came into force on 1 April 2014 in India. 2. CS Divesh Goyal. Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. Through such an engagement companies can gain new insights into these societies and increase their understanding of the environment. Corporate social responsibility lecture notes 1. Corporate Social Responsibility The fundamental idea of corporate social responsibility ''is that business and society are inter- woven rather than distinct entities'' and that business must therefore meet particular societal expectations regarding their social, environmental, and economic activities.

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