By Saumitra N. Bhaduri, Ekta Selarka
The publication explores the theoretical and empirical matters on the subject of the interplay among company governance and company social accountability (CSR) actions undertaken by means of Indian businesses. It offers a hugely distinct view at the evolution of CSR and its nexus with company governance. this can be quite well timed within the context of the hot Indian businesses Act 2013, which mandates company social accountability and revises the easiest corporate-governance practices for big businesses. The findings of this research 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 useful; the learn method constructed and applied turns out to be useful for researchers, whereas the results and the choice of variables offer invaluable info for practitioners and stakeholders. ultimately, even though it makes a speciality of huge Indian businesses, the findings is also utilized to analyze on different rising economies.
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Extra info for Corporate Governance and Corporate Social Responsibility of Indian Companies
0 Model. 5 CSR in Business Practice During 1990s During the late 1980s and into the 1990s, corporate philanthropy expanded considerably starting from the pyramid model depicted by Carroll (1991) which further inspires some new novel models, such as Triple Bottom Line, Value Creation Model of CSR and The Model of Consumer Driven Corporate Responsibility. Muirhead (1999) characterized this period of corporate contributions as ‘diversification and globalization’. Around this time Davis, Schoorman and Donaldson (1997) integrated agency theory to define the concept stewardship which further influenced the evolution of 20 2 Corporate Social Responsibility Around the World … the concepts of CSR in future.
Bus Soc 39(4):479–491 Griffin JJ, Mahon JF (1997) The corporate social performance and corporate financial performance debate: twenty-five years of incomparable research. Bus Soc 36:5–31 Habisch A, Jonker J, Wegner M, Schmidpeter R (eds) (2005) Corporate social responsibility across Europe. Springer, Berlin Hawken P (1993) The ecology of commerce. Weidenfeld & Nicholson, London Hay R, Gray E (1974) Social responsibilities of business managers. Acad Manage J 17:1 Husted BW (2000) A contingency theory of corporate social performance.
AA1000 APS provides an organisation with an internationally accepted freely available set of principles to frame and structure the way in which they understand, govern administer, implement, evaluate and communicate their accountability. AA1000 assurance standard (AA1000AS) provides a methodology for practitioners to evaluate the nature and extent to which an organisation adheres to the Accountability Principles AA1000APS. 2 Further, Social Accountability International (SAI: SA8000), overseen by Social Accountability Accreditation Services (SAAS) is one of the world’s first auditable social certification standard, based on ILO, UN and national law conventions.