Category Archives: CSR

Corporate Social Responsibility

SOCIAL ACTION WITH SATISFACTION AND ENJOYMENT OF ROLLER COASTER RIDE

Posted on March 24, 2013 | Leave a comment

My early childhood memories start with remembrance of my late grandfather last days. He lived his whole life as widower, father, government executive and devoted religious person. I recall my very few incidents of interactions with him. Once, I gifted my broken toy to one fellow child and my grandfather told me that gift of knowledge and life are a real gift. After few months, on my 5th birthday (as per Vikrimi calendar) he died and I never understood his words, particularly gift of life.

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Posted in CSR, Governance and Responsibility, Truth of Our Time

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EMPLOYEES WELFARE IN PROFESSIONAL BODIES

Posted on March 22, 2013 | Leave a comment

Employee’s welfare is also a matter corporate social responsibility for all body corporate. During debate on corporate social responsibilities we heard a lot from all quarters.

Principle 3 of National Voluntary Guideline on Social, Environment, & Economic Responsibilities of Business issued by Ministry of Corporate Affairs say, ”Businesses should promote the well being of all Employees.” On page 17 of this guideline, it is mentioned that “…strongly believe that addressing health issues significantly contributes to the sustainability of their business operations and especially the health and welfare of their employees.” There is separate guideline issued by Government for Central Public sector Enterprises.

As a stakeholder, we have interest in measures taken by professional bodies under Ministry of Corporate Affairs. It is noteworthy to note, these professional bodies are very instrumental to spread awareness about corporate social responsibilities on behalf of government. I filed applications under three professional bodies and asked same questions:

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Posted in Company Secretary, CorpGov, CSR, Governance and Responsibility, Institute of Company Secretaries of India - ICSI, Truth of Our Time

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RAILWAY PENALISE ITS VICTIMS

Posted on February 25, 2013 | 9 comments

Yes. I claim; Indian Railway penalise its victims. This is being done openly in broad day light under nose of our Parliament and active judiciary without anyone, including victims noticing it. I first time in 2008 noticed that innocent Indian are being penalised for a wrongful act primarily by railway.

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CONFLICT OF INTERESTS AMONG STAKEHOLDERS IN 2G ALLOCATIONS

Posted on September 1, 2012 | 1 comment

There is a clear conflict of interest among promoters, shareholders and other stakeholders of company. The conflict of public shareholders and stakeholders put them in very interesting position.

In the recent cases on 2G scam in India, the government often quoted the cost-effective services to end-user of these service and product as one reason of allocation of resources at such cheap prices. Ministers claim that at CAG suggested prices of the spectrum, call rates would be higher than present rates and become unaffordable to most of the users. Sometimes, it is also suggested that present information revolution may not be happened in India if spectrum allocation were happened according to CAG suggestions.

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Posted in CorpGov, CSR, Governance and Responsibility, Truth of Our Time

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SOCIAL ENVIRONMENT FOR INNOVATIVE PROFESSIONISM DRIVEN BY TECHNOLOGY AND REGULATORY DEVELOPMENT

Posted on July 31, 2012 | 2 comments

In last 20 years after initiation of economic reforms, India particularly corporate India has moved far ahead to start a new flight towards untouched horizons. We are surviving in a time of dynamic transformations through technological advancement, regulatory rationalisation, progressive professionalism, democratic transformation and sustainable development in our society. In recent developments, transformation of leadership of democratic institutions toward participatory solidarity of all societal stakeholders is evident. There are evidences of many streams of thought and developments in society but there are many new developments, whose time is just knocking the door. Our corporate environment is not left out but is part and parcel of this silent revolution. These transformations in our society are bound to affect all vistas of our life and corporate sector as well. We are very fortunate to be a part of this transformation and we have tremendous opportunity to be a carrier of this transformation. We should understand this revolutionary time and keep pace.

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Posted in Company Secretary, CorpGov, CSR, Governance and Responsibility

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CSR : Company Secretarial Responsibility

Posted on June 1, 2012 | 2 comments

In one programme on Corporate Social Responsibility organised by some Chamber, one renowned Company Secretary claim that Corporate Social Responsibilities are primary responsibility of a Company Secretary. Within no time, some other members negated this fresh liability with “we have enough” attitude.

The basis definition of CSR says “doing business responsibly”.

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