Corporate Social Responsibility in India: A Journey from Corporate Philanthropy to Governance Mandate

Pillai, K R

doi:10.1177/0974686217735924

Cited by 10 publications

(6 citation statements)

References 5 publications

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“…India is the world's largest democracy with a fastgrowing economy. The Ministry of Corporate Affairs (MCA) incorporated the Companies Act of 2013 under the aegis of the Indian government on st April 1 , 2013 which made it mandatory to expend 2 percent of three-year average annual profits towards CSR activities under Section 135 and Schedule VII of the Companies Act, 2013(Dharampala & Khanna, 2018Pillai, 2017). The companies with a net worth of rupees 500 crores or more, or turnover of rupees 1000 crore or more, or a net profit of rupees 5 crores or more in any financial year were brought under the ambit of the law.…”

Section: Concept Of Csrmentioning

confidence: 99%

“…Hence it is integral to understand the concept of CSR from the perspective of the managers (Hine & Preuss, 2009). The Indian legislative development concerning CSR has been particularly significant post the landmark Companies Act in 2013 (Subramaniam et.al, 2017;Pillai, 2017). India has become the first country where profit-making government and nongovernment companies have to undertake CSR activities and spend a designated percentage of their net profits on CSR (Subramanian et.…”

Section: Introductionmentioning

confidence: 99%

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Evolving Approaches of CSR in India in the Post-Mandatory Regime – An Exploratory Study of Managerial Understanding

Gokarna¹,

Krishnamoorthy²

2022

purushartha

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Corporate Social Responsibility (CSR) has garnered worldwide attention (Jamali and Mirshak, 2007), both in the academic and corporate domains. It has predominantly gained impetus in the developing countries; with nations like India imposing legislative mandates (Subramaniam et al. 2017). India has an extensive history of CSR (Sundar, 2000) but lacks academic depth and understanding of the phenomenon (Dhanesh, 2015); particularly in the post mandatory regime. This extensive exploratory research based on the managerial perspective utilizes semi-structured interviews of 28 CSR managers responsible for implementing CSR within corporates. Thematic analysis of interview data identifies 4 unique approaches adopted by Indian companies and their resultant benefits. It is indeed one of the first researches in India done in both Public Sector Undertaking (PSUs) as well as the Private Enterprises. The study strengthens the existing knowledge base and assists corporates to build their CSR strategies and furthers understanding of companies’ objectives of social development.

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Section: Concept Of Csrmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Evolving Approaches of CSR in India in the Post-Mandatory Regime – An Exploratory Study of Managerial Understanding

Gokarna¹,

Krishnamoorthy²

2022

purushartha

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“…In 2014, the Ministry of Corporate Affairs, Government of India amended the provisions of Section 135 of the Companies Act, 2013 and the Companies (Corporate Social Responsibility Policy) Rules, 2014. This amendment made CSR mandatory for companies that met three major criteria (Menon, 2019; Pillai, 2017). The policy resulted in the increased CSR participation of companies, especially in states like Kerala where CSR participation was relatively less (Menon, 2019).…”

Section: Twenty20 and Social Grievancesmentioning

confidence: 99%

“…The philanthropy of these corporates was influential in mitigating the multiple inequalities prevailing in society by following the principles of social trusteeship (Khan, 2008). Following the expansion of the Indian corporate sector in the globalised world, the state took policy measures for businesses to build trust with the people in the social ecosystem where they operate (Pillai, 2017). This could be considered as a mechanism by which the state sought to prevent a business entity from actualising greed at the expense of a society, without contributing positively to that society.…”

Section: Twenty20 and Social Grievancesmentioning

confidence: 99%

Social Grievances and Corporate Greed: Twenty20 and Conflicts in Kizhakkambalam

2020

Review of Development and Change

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The theoretical framework of greed and grievance provides a perspective for understanding conflicts in a social set-up that comprises competing interests. The greed of a section of a society to maximise its control over resources (social, political and economic) is often combined with the grievances of sections that are deprived of their shares of the resources. Even within such considerations, the positions of greed and grievance are fluidic in any conflict and are a critical factor in the manufacturing and sustaining of conflicts. The Kizhakkambalam Gram Panchayat (GP) in Kerala offers one such opportunity to investigate and explore the conflicts arising from the interactive and shifting nature of greed and grievances. Based on an ethnographic survey of the GP, this study highlights and investigates the role of a corporate functionary, Twenty20, and its interactions with the local population. The study argues that the dominance of the Twenty20 in local politics through electoral victory achieved by leveraging corporate social responsibility (CSR) initiatives is seen to be oscillating between being perceived as a product for managing social grievances and as a product for actualising corporate greed. The interactive and fluidic nature of greed and grievances creates tensions among multiple actors and leads to conflicts in the GP.

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“…It is evident that corporate governance extends beyond corporate laws. Its fundamental objective is not mere fulfilment of requirements of the law but by ensuring the commitment of the leaders to transparency in managing the company and modernizing long term shareholder value (Pillai, 2017).…”

Section: Introduction and Purposementioning

confidence: 99%

Analysis of the relationship between the ethical behaviour of board and corporate governance in the case of India

Karácsony¹

2020

EA-XXI

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Corporate governance has emerged as a very significant tool in business life. Across the world, it is a buzz topic, everybody who has anything to do with the corporate sector talks about corporate governance. In the last decades, the aftermath of corporate scandals and scams leading to the collapse of corporate entities showed need for good corporate governance in India, too. Today, Indian companies are finding new space in global markets for business growth, their interaction with the financial markets and investing community witnessed a significant surge, which ultimately demands effective corporate governance practices. Corporate governance is holding the balance between economic and social goals as well as between individual and community goals. The overall purpose of the study is to provide an overview of corporate governance in India and show how important the leader’s ethical behaviour in corporate governance is. I hypothesized that the ethical behaviour of the board of directors has a significant impact on corporate governance. For the research, I obtained data from the World Economic Forum Competitiveness Report for 38 Asian countries, focusing on India. The methodology I used to analyze data was regression analysis. The results reveal that the ethical behaviour of the board has significant positive effects on corporate governance. An ethical leadership should be employed at Indian companies to mainstream corporate governance to achieve high organizational performance.

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Corporate Social Responsibility in India: A Journey from Corporate Philanthropy to Governance Mandate

Cited by 10 publications

References 5 publications

Evolving Approaches of CSR in India in the Post-Mandatory Regime – An Exploratory Study of Managerial Understanding

Evolving Approaches of CSR in India in the Post-Mandatory Regime – An Exploratory Study of Managerial Understanding

Social Grievances and Corporate Greed: Twenty20 and Conflicts in Kizhakkambalam

Analysis of the relationship between the ethical behaviour of board and corporate governance in the case of India

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