CORPORATE SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINST

CORPORATE SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINST

1. Presenter Shilpa S M 1 st M.Com CORPORATE SOCIAL RESPONSIBILITY ARGUMENTS FOR AND AGAINST Under the guidance of Sundar B. N. Asst. Prof. & Course Co-ordinator GFGCW, PG Studies in Commerce Holenarasipura

2. CORPORATE SOCIAL RESPONSIBILITY

3. CSR Introduction CSR meaning CSR definition CSR as per companies Act 2013 Argument for CSR Argument against CSR Conclusion Reference CONTENTS.

4. CSR covers the relationship between corporations and the societies with which they interact. Its also includes the responsibilities that are inherent on both sides of these relationships. CSR defines society in it’s widest sense The literature on CSR and Sustainability, developed predominantly in Europe, North America and UK : Corporate Philanthropy (1950’s);Public welfare. CSR INTRODUCTION..

5. Corporate social responsibility is a gesture of showing the company’s concern and commitment towards society’s sustainability and development. CSR is ethical behavior of a company towards society. MEANING..

6. “Corporate Social Responsibility is the continuing commitent by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and there families as well as local community and society at large.” The World Business Council for Sustainble Development Definition..

7. Companies mandatorily should contitute CSR committee: All listed Companies Unlisted Companies having net worth of Rs.500 crore or more Or Turnover of Rs.1000 crore or more Or Net profit of Rs.5 crore or more. Section 135..

8. Justification for Existence and Growth Continuously supply good quality product at reasonable price. Does not indulge in unfair trade practice. Long term interest of the firm Serve best interest of member of society. Workers ,consumers ,shareholders, government, officials believe enterprise is serving for their interest. Arguments for CSR..

9. Avoidance of government regulation. Maintenance of society. Availability of resources with business. Better environment for doing business. Holding business responsible for social problems. Arguments for CSR..

10. Transfer of Social costs. High price. Low wages. Low profit . Lack of skill and competence. Lack of knowledge towards social problem. Lack of quick decision. Imposition of business values. Business imposition its own value on society. Arguments against the CSR..

11. Conflict with profit motive Social responsibility and profit motive do not proceeds in the same direction Profit maximization is the ultimate goal Business is an economic activity Govt to took after interest of the society Arguments against the CSR..

12. Conclusion.. The future generations would be able to follow CSR more easily as there would be standardization of processes and practices. The concept of CSR would continue to evolve as long as industry and business would continue to participate in the economic growth nationally and globally.

13. Arguments in Favour and Against Corporate Social Responsibility(CSR)Management…. https://www.businessmanagementideas.com/notes/management-notes/corporate-social-reponsibility/arguments-in-favour-and-against-corporate-social-responsibility-csr-managemant/5315/ Meaning and definition of corporate social responsibility.. https://slideplayer.com./slide/5774157/ conclusion of corporate Social Responsibility https://www.scribd.com/doc/16870363/corporate_Social_responsibility_CSR Reference..