Csr essay

Csr essay

Essay # Concept of Corporate Social Responsibility (CSR): The corporate sector has responsibility towards its own business entity, shareholders as well as towards society. Thus every corporate unit must have a responsibility for the upliftment of society which is broadly considered as Corporate Social Responsibility (CSR).Estimated Reading Time: 4 mins 19/8/ · Chapter 1 Introduction Corporate Social Responsibility is a rapidly developing, key business issue. It is a concept that has attracted worldwide attention. Due to the demands for enhanced transparency and corporate citizenship, CSR started to embrace social, ethical as well as environmental challenges 26/10/ · 1. Corporate Social Responsibility has recently become very valuable for modern business. Companies’ leaders started to realize that CSR might bring the same, or even higher, impact on their main purpose – maximize the profit – rather than conservative ways of Estimated Reading Time: 5 mins

Corporate Social Responsibility (CSR) Free Essay Example

In this essay we will discuss about Corporate Social Responsibility. Csr essay reading this essay you will learn about: 1. Concept of Corporate Social Responsibility 2, csr essay.

Introducing Mandatory CSR under Companies Act, 3. Activities to be Incorporated, csr essay. The corporate sector has responsibility towards its own business entity, shareholders as well as towards society. Thus every corporate unit must have a responsibility for the upliftment of society which is broadly considered as Corporate Social Responsibility CSR. Social responsibility of business indicates norms and obligations of decision making authority to take appropriate csr essay which can protect and improve the welfare of society as a whole along with protecting the interest of business concern.

In present times, csr essay, the concept is gradually more and more acceptable with changing situations. Thus social responsibility broadly refers to the obligations and duties csr essay business to the society as a whole. According to K. Thus CSR is a way through which a company usually attains a balance between economic, csr essay, social and environmental activities. Thus, spending on CSR by a company is a simple process of giving back to the society in which it is doing its business activity and making profits for its shareholders sincerely.

Corporate social-Responsibility CSR has been made mandatory under Companies Act, passed in August which replaced the 57 years old Companies Act, As per section of the Act every company having net worth of Rs crore or more or turnover of Rs csr essay, crore or more or a net profit of Rs 5 crore or more during any financial year will have to spend, in every financial year regularly, at least 2 per cent of the average net profits of the company made during the three immediately preceding years.

Here CSR reporting will have to be done on an annual basis and that too commencing from the financial year Moreover the modalities suggest that the companies identified for mandatory CSR spending will have to constitute a CSR Committee of the Board which will include three or more directors along with at least one independent director.

This CSR Committee will formulate the CSR policy and recommend to the Board for undertaking activities to be undertaken by csr essay company. It will also earmark the amount of expenditure to be incurred on CSR activities and will also monitor the CSR policy of the company and its implementation regularly.

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In the mean time, csr essay, a number of companies have welcomed the new mandatory CSR Act and they are of the view that this Act will strengthen their CSR initiative and will permit them to continue with such activities genuinely for a longer period, csr essay. However, there are some gray areas within CSR activities. The first confusion is related to whether an activity comes under CSR or not. Sometimes it is found that the boundary between normal business activities and CSR activities is hazy.

The second confusion csr essay in respect of tax implications of the CSR activities. Whether the Csr essay spending of certain company will be eligible for tax exemptions or not will be depending on the discretions of related tax authorities. Similarly, arguments are also made against those companies involved in CSR activities on our hand but csr essay the norms related to environment, labour welfare etc. on the other. Navigation Home Static Main Menu Home Questions and Answers Forum Share Your Knowledge Content Quality Guidelines Disclaimer Privacy Policy Contact Us, csr essay.

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Descriptive Essay On Corporate Social Responsibility - MyHomeworkWriters

Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their blogger.comted Reading Time: 4 mins Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades, however, it has become of increasing concern to the business world. This has resulted in growing interaction between governments, businesses and society as a whole Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment