By Saumitra N. Bhaduri, Ekta Selarka
The e-book explores the theoretical and empirical concerns in terms of the interplay among company governance and company social accountability (CSR) actions undertaken through Indian businesses. It offers a hugely designated view at the evolution of CSR and its nexus with company governance. this can be rather well timed within the context of the new Indian businesses Act 2013, which mandates company social accountability and revises the simplest corporate-governance practices for big businesses. The findings of this learn are distinctive in drawing from a unified framework of Indian company governance constitution and company engagement in CSR. The book’s scope is either educational and sensible; the study method constructed and applied turns out to be useful for researchers, whereas the results and the choice of variables supply necessary details for practitioners and stakeholders. eventually, even though it makes a speciality of huge Indian businesses, the findings can be utilized to analyze on different rising economies.
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Additional resources for Corporate Governance and Corporate Social Responsibility of Indian Companies
A study conducted by Brammer et al. (2007) also support this finding: employees’ perceptions of their organizations’ concern for community and environment is linked to their level of organizational commitment. Even after controlling for a whole host of relevant variable, perceptions of CSR make a unique and positive contribution to overall commitment. That is, the higher an employee rates their organization’s corporate citizenship, the more committed they are to the organization. Society for Human Resource Management conducted a pilot study on Corporate Social Responsibility Survey among Human Resource professionals employed by organizations operating in the United States, Australia, India, China, Canada, Mexico and Brazil during 2007.
The 1990s was also characterized by the emergence of many different companies which have excellent reputations for their CSR practices. , McDonald’s, and Herman Miller, have developed significant CSR related reputations. The 1990s also witnessed a similar trend in India wherein companies like Tata group, Nirma and Hindustan Unilever had created new business systems and products to meet the needs of under-served consumers, mostly from poor, rural areas. 2Other works based on integrated theories ranges from Sethi (1975), Ackerman (1973), Jones (1980), Vogel (2005) , Wartick and Mahon (1994).
For example, Organization for Economic Co-operation and Development (OECD) released the guidelines in corporate social responsibilities (OECD 2001). OECD released its first guidelines on CSR in 2001 for its member countries with voluntary initiatives. The report notes that there are significant divergences of commitment and management practices, even in narrow areas of application such as labor standards, environment, human rights, and fighting bribery. In addition to, research works such as Greenfield (2004), Maignan and Ralston (2002), McWilliams et al.