Corporate Social Responsibility and Factors Influencing it

Sudiksha Saakshi
Symbiosis Law School, Hyderabad, India

Volume III – Issue I, 2021

Corporate Social responsibility can be said to be a post-world war II phenomenon because that is when the philanthropy about business ethics began to be developed, and there was a lot of awareness within the public as well as the government because ultimately it was for the welfare of the people. This idea usually rests on a give and take concept. The Corporation takes resources from people hence it deserves to compensate the people. The origin and the development of this concept or rather the reason that the corporation should do work that benefits the society at large can be understood from the various theories about corporation such as artificial entity theory, real entity theory, and aggregate theory, which would be understood along with various theories of Corporate Social Responsibility. Since this whole policy is very nascent in the country there a few known factors that affect the implementation as well as the success rate of these policies. Issues such as transparency and lack of consensus over activities plague the corporates. The community as a whole also fails to participate in these activities mostly because of unawareness. Civil societies, if they are stronger in the Nation would aid in the strengthening of these policies and their application. Also factors such as management support, financial assistance and government as well as physical environment, stakeholder values, company’s internal policy, ethical practices and the probability views in relation to Corporate social responsibility and its implementation. The paper would look in the CSR committee policymaking and their implementations.


 Download Full Paper