Csr - Should It Be Made Mandatory

4531 Words19 Pages
Corporate Social Responsibility – Should it be made mandatory? Abstract CSR is about how a business takes account of its economic, social and environmental impacts in the way it operates – maximizing the benefits and minimizing the downsides. Corporate social responsibility (CSR) is the buzz phrase these days. Where previously formal CSR policies have been the domain of governments and multinationals, business people at all levels are becoming aware that they ignore their CSR responsibilities at their peril. CSR manifests itself in many different ways. Businesses need to be aware of their commitments to all their stakeholders – customers, their community, suppliers, employees and, more grandly, the environment in which they…show more content…
A long-term perspective by organisations that encompasses their commitment to both internal and external stakeholders is critical to the success of CSR and is important for companies to be able to deliver on the goals of CSR strategy Although participation in CSR activities is voluntary there is movement within many industries and perhaps in society in general, to make the possession of a meaningful CSR policy a pre-requisite for any company or business. Objective What we seek to achieve though this research is should CSR be compulsory as the Government has envisaged or should it be voluntary as it has traditionally been and is going to be? Methodology Our research methodology comprises data collation from both Primary and secondary sources. Primary research is a survey to understand the perception of the employees and the employers with regard to the implementation of CSR activities by various companies. The survey can be accessed from the following link https://docs.google.com/a/mandevian.com/spreadsheet/viewform?hl=en_US&pli=1&formkey=dDI5Y0R4SXpJS1NreVJoa3VjTE03a3c6MQ#gid=0 Our secondary research aims to study the various activities that have been taken up under the gambit of CSR activities in the countries. Also, the study aims to pin point the problems and the role of the government so far in this field. Based on the
Open Document