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    CSR, Corporate Governance and Business Ethics

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    Shivam Doda
    The document discusses corporate social responsibility (CSR) in India. It defines CSR as a self-regulating business model that helps companies be socially accountable. The Companies Act of 2013 mandates that large companies with over a certain net worth or profit must spend 2% of net profits on CSR activities like education, healthcare, skill development, and environmental sustainability. Tata Motors is provided as an example, with their CSR strategy touching over 83,000 lives through initiatives in healthcare, sanitation, women's empowerment, and sustainable development.

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    CSR, Corporate Governance and Business Ethics

    Uploaded by

    Shivam Doda
    33 views8 pages
    The document discusses corporate social responsibility (CSR) in India. It defines CSR as a self-regulating business model that helps companies be socially accountable. The Companies Act of 2013 mandates that large companies with over a certain net worth or profit must spend 2% of net profits on CSR activities like education, healthcare, skill development, and environmental sustainability. Tata Motors is provided as an example, with their CSR strategy touching over 83,000 lives through initiatives in healthcare, sanitation, women's empowerment, and sustainable development.

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    The document discusses corporate social responsibility (CSR) in India. It defines CSR as a self-regulating business model that helps companies be socially accountable. The Companies Act of 2013 mandates that large companies with over a certain net worth or profit must spend 2% of net profits on CSR activities like education, healthcare, skill development, and environmental sustainability. Tata Motors is provided as an example, with their CSR strategy touching over 83,000 lives through initiatives in healthcare, sanitation, women's empowerment, and sustainable development.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    33 views8 pages

    CSR, Corporate Governance and Business Ethics

    Uploaded by

    Shivam Doda
    The document discusses corporate social responsibility (CSR) in India. It defines CSR as a self-regulating business model that helps companies be socially accountable. The Companies Act of 2013 mandates that large companies with over a certain net worth or profit must spend 2% of net profits on CSR activities like education, healthcare, skill development, and environmental sustainability. Tata Motors is provided as an example, with their CSR strategy touching over 83,000 lives through initiatives in healthcare, sanitation, women's empowerment, and sustainable development.

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    CSR,CORPORATE

    GOVERNANCE AND BUSINESS


    ETHICS
    What is Corporate Social
    Responsibility(CSR) ?
    • Corporate social responsibility (CSR) is a self-
    regulating business model that helps a company
    be socially accountable—to itself, its stakeholders,
    and the public. 
    • It refers to practices and policies undertaken by
    corporations that are intended to have a positive
    influence on the world. 
    • It should aim at the ethical way of doing business
    that has significant impact on society and
    community development.
    Provisions of The Companies Act,2013
    regarding CSR
    • The Companies Act, 2013 has formulated
    Section 135, Companies (Corporate Social
    Responsibility) Rules, 2014 and Schedule
    VII which prescribes mandatory provisions for
    companies to fulfill their CSR.
    According to Sec.135 of the Companies Act,
    2013
    • A company with a net worth of Rs. 500 crore or
    more, a turnover of Rs. 1000 crore or more or a
    net profit of Rs. 5 crore or more in a financial
    year shall constitute a CSR committee of the
    board.
    • The board’s report shall disclose the composition
    of the CSR committee.
    • The CSR Committee shall:
     Formulate and recommend a CSR Policy
     Monitor the policy from time to time.
    • The board of every company shall:
     Approve the CSR policy for the company and
    disclose contents of such policy in its report
     Ensure that the activities included in CSR
    policy are undertaken by the company.
    • The board of every company shall ensure that
    the company spends, in every financial year, at
    least 2% of the average net profits of the
    company in pursuance of its CSR policy.
    According to Schedule VII, the following activities may
    be included by companies in their CSR Policies

    • Eradicating hunger and poverty


    • Promotion of education
    • Promoting gender equality and empowering
    women
    • Health
    • Ensuring environmental sustainability
    • Employment enhancing vocational skills
    • Such other matters as may be prescribed.
    CSR Activities of TATA Motors
    • Global automobile
    manufacturer Tata Motors
    Limited acknowledges its roots
    and tirelessly works to address
    the needs and aspirations of
    the community, pushing
    others onwards to
    development. They have a six-
    pronged CSR strategy that
    attends to the societal needs.
    Influencing and improving the quality of
    lives
    • Furthering their Sustainable
    Development Goals, their CSR
    initiatives in FY 2019-2020
    touched 83o300 lives, of which
    41% belong to the SC and ST
    communities.
    • They have been catering to
    domains, starting with
    sustainability initiatives through
    community engagement, to
    social upliftment and
    addressing healthcare and
    sanitation issues, making
    women self-reliant and more.

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