ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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A Misplaced Faith?

Ordering Corporate Responsibility

The provision of the Companies Bill 2013, which stipulates minimum spending by certain companies on corporate social responsibility activities, has been widely criticised. While mandating minimum CSR spending is not undesirable per se, the problem with the provision is that it does not seek to change corporate behaviour and make business operations responsible. Instead, it encourages philanthropy and seeks corporate intervention in public policy and social welfare, which is problematic.

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