Corporate social responsibility should be voluntary: Mittal
Thursday, 02 September 2010, 23:21 Hrs
New Delhi: Corporate social responsibility (CSR) should not be made mandatory for companies, Sunil Mittal, Chairman of India's telecom giant Bharti Airtel, said.
"Voluntary compliance are always better than forced, companies who do not want to do it forcefully will find a way out of it. It should be proactively done by business community," said Mittal, delivering a lecture on corporate leadership.
The corporate affairs ministry has been prodding India Inc to embrace CSR in a much larger way.
Corporate Affairs Minister Salman Khurshid surprised the corporate world earlier this year, when he said his ministry would look at making CSR initiatives mandatory in case companies were reluctant do so.
There were reports that the government would consider bringing in clauses on CSR in the new Companies Bill.
"At the end of the day, we would all bow in front of the government's final position on the matter," said Mittal.
Source: IANS
"Voluntary compliance are always better than forced, companies who do not want to do it forcefully will find a way out of it. It should be proactively done by business community," said Mittal, delivering a lecture on corporate leadership.
The corporate affairs ministry has been prodding India Inc to embrace CSR in a much larger way.
Corporate Affairs Minister Salman Khurshid surprised the corporate world earlier this year, when he said his ministry would look at making CSR initiatives mandatory in case companies were reluctant do so.
There were reports that the government would consider bringing in clauses on CSR in the new Companies Bill.
"At the end of the day, we would all bow in front of the government's final position on the matter," said Mittal.
Source: IANS
Don't Miss
Write your comment now
|
Submit your news/press release
Let our editorial department know about any news about your company, your
organization, or yourself, or any press release that you have. If we find it suitable for our audience, we will contact you and make a news. Please
also share any links for the news.
- Software Testing is Dead!!!
- Why is Priyanka Gandhi Liked More than Rahul Gandhi?
- Meet the Role Models of Indian Youth
- Selective Abortion on the Rise among Indians in North America
- World's Greatest Introverts and Extroverts
- Indians Donate Millions to U.S. Universities, Forget India
- 5 Best Android Smartphones Under Rs.10,000
Beautiful and dress selection, please go to Dresses
| Plan on visiting the Lotus Temple? Get Great Deals on Delhi Hotels ! |
Buy India Wholesale Products on DHgate.com
SPOTLIGHT
Career
According to the data released by the U.S. Citizenship and Immigration Service [USCIS], the New-Je..