Tag: Corporate Social Responsibility
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The Proper Purpose of a Corporation
[Posted by Umakanth Varottil] One of the themes that we often explore on this Blog relates to the determination of the proper purpose of a corporation – i.e. whether a corporation exists solely to carry on business for the benefit of its owners (i.e. shareholders), or whether it has a larger responsibility towards other stakeholders…
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Measuring the Success of Capitalism
[Posted by Umakanth Varottil] Being back on blawgosphere after a brief hiatus, I noticed this interesting column by Arun Maira in today’s Times of India. By way of background, the recent events in the US and UK have cast a serious doubt on the efficacy of capitalism as a viable economic model. It has been…
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More on Social Business
[Posted by Umakanth Varottil] After I wrote an earlier post on Social Business over a month ago, I came across some interesting examples of efforts being made to integrate companies and society. These are not just voluntary efforts by companies to act in societal interest, but matters of policy pronounced by legislatures to be complied…
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Industry Can Play an Important Role in Reservation Policy
[Posted by Somasekhar Sundaresan] Last weekend, as part of a panel discussion at the Annual Day of the Pune Chapter of the Confederation of Indian Industry, I was pleasantly surprised to hear about CII Pune having run finishing school sessions in collaboration with a local educational institute for members of the “scheduled castes” and “scheduled…
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Social Business
[Posted by Umakanth Varottil] The recent Business Week contains Steve Hamm’s review of “Creating a World Without Poverty: Social Business and the Future of Capitalism”, the latest book authored by Nobel Prize winner Muhammad Yunus. Two interesting concepts emerge. The first is that of social business—the review goes: “So what exactly is a social business?…
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Faith-Based Indexes on Dow: For Hinduism and Buddhism
[Posted by Umakanth Varottil] The Prime Newswire reports that Dow Jones Indexes and Dharma Investments, a leading private investment firm pioneering the development of faith-based investment have launched the Dow Jones Dharma Indexes. The new indexes measure the performance of companies selected according to the value systems and principles of Dharmic religions, especially Hinduism and…
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Climate Change Disclosure
[Posted by Umakanth Varottil] In an article titled “Making Impact Disclosure Mandatory” that appeared in the The Hindu Business Line on December 06, 2007, I have argued for imposing mandatory requirements on climate change disclosures by companies. Despite the wide range of risks and opportunities that climate change presents to the corporate sector, the level…