Corporate Social Responsibility and

Corporate Governance

Presented by

DR. SATISH NARINGREKAR
(M.Com, DHE,DCD,DMM, LLB, M
Phil, M.Ed, PGDME, MBA, PHD)
(Raheja college of Arts &
commerce, Santacruz Mumbai)

Introduction


Corporate Social Responsibility (CSR) is
generally used to describe businesss efforts to
achieve sustainable outcomes by committing
to good business practices and standards.
Corporate governance is the set of processes,
customs, policies, laws, and institutions
affecting the way a corporation or company is
directed, administered or controlled.
Need of the study

CSR is increasingly being seen as an important
and integral part of normal business
operations. So there is need to see how does
responsible business help to enhance business
operations, in achieving a sustainable
outcome?

Objectives

To study the relationship of corporate social
responsibility and corporate governance
To study the impact of corporate social
responsibility on leadership in CG
To study the impact of globalization on CSR
and CG
To study the impact of CSR on stake holder
Hypothesis

In today's global world, corporate social
responsibility (CSR) is increasing public
demand for greater transparency from
multinational companies.
CSR is a new and growing financial risk factor.

Research Methodology

Primary data- Various officers of top level
management from corporate field have been
interviewed and collected the required data.
Secondary data - Various books, journals etc.
refer to gather the information and the
analysis made therefrom to get the findings.

Data Analysis
1.Link

One view was expressed that governance
practices such as risk management, diversity,
disclosure, and compensation are enablers of
CSR perform.
2.Creation of Stake holders value

. Within a values-based governance
framework, stakeholder relations are a
consideration under the principled question
that addresses the impact of a companys
operations on society and the environment.
CSR may be based within the human
resources, business development or public
relations departments of an organisation,.
Increasingly, corporations are motivated to
become more socially responsible because
their most important stakeholders expect
them to understand and address the social
and community issues that are relevant to
them.
In today's global world, corporate social
responsibility (CSR) is increasing public
demand for greater transparency from
multinational companies. CSR is a new and
growing financial risk factor. If it is
mismanaged, a firm's corporate reputation
can be badly damaged and a direct negative
impact on its business and bottom-line may
result.
Finding

Good governance is primarily about values
rather than rules. If good governance flows
from values, it is important to state them and
live them. CSR is an external expression of
those values. Corporate governance is going
beyond the traditional core governance
functions to incorporate the values dimension.
Conclusion

. Ethical or values-based governance considers
such issues as the kind of product and service
a company produces, how it is produced and
the social and environmental impacts of
production. As these boundaries are
renegotiated, CSR is driven into the
boardroom. For the most part, interviewees
predict a modest but increasing convergence
between governance and CSR at either or
both the values and risk levels.
Suggestion/Recommendations

Companies should realize their efforts to build
ethical value through mechanical and legalistic
remedies do not get them where they need to
go do not help them build brand loyalty
and reputational capital
Companies should extend their corporate
vision to consider others affected by what
they do and the decisions they make.

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