文章基本信息

标题：Bringing Corporate Governance Mechanism to Better Corporate Social Responsibility: A Critical Analysis of Recent Amendments in India
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作者：Anusha Malik Tomar ; Mona Mahecha
期刊名称：International Journal of Early Childhood Special Education
电子版ISSN：1308-5581
出版年度：2022
卷号：14
期号：2
页码：4721-4732
DOI：10.9756/INT-JECSE/V14I2.522
语种：English
出版社：International Journal of Early Childhood Special Education
摘要：In 2014 India has single out itself by mandating corporate social responsibility (CSR). Since then the Ministry of Corporation is facing different challenges in making it effective. The two High Level Committee were also set up to discuss the issues in the CSR Law. As a result, there had been numbers of amendments related to definition, duties of CSR committee, monitoring, reporting etc. One of the essential elements that is required in making CSR effective is good corporate governance. Though companies are emphasizing on good corporate governance. Every company in order to be sustainable and responsible is practicing good corporate governance both internally and externally. It is also needed for better implementation of CSR without which there is increased risk of financial frauds. There had been instances of fake project and misuse of CSR funds. Initially companies were hiring NGOs without verifying them. Due to less monitoring and less direct involvement of the company the CSR funds were misallocated. These can be owed to corporate governance failure. Therefore, the need of better corporate governance was felt and accordingly, The Companies (Amendment) Act, 2020 and Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 have been passed. The aim of the paper is to study the implications of the recent changes, in corporate governance rules, on corporate social responsibility. The paper also suggests measures that can further improve corporate social responsibility through corporate governance.
关键词：Corporate Social Responsibility and Corporate Governance