A Comparative Study of CSR Activities Pre and Post Enactment of Companies Act 2013Journal: International Journal of Science and Research (IJSR) (Vol.7, No. 12)
Publication Date: 2018-12-05
Authors : Komal Raval;
Page : 331-335
Keywords : economic growth; society; responsibility; welfare;
The responsibilities of corporations are described consisting of three concentric circles. (a) Inner Circle: Clear cut, basic responsibilities for the efficient execution of the economic function, products, jobs and economic growth. (b) Intermediate Circle: Encompasses responsibility to exercise this economic function with a sensitive awareness of changing social values and priorities. (c) The Outer Circle: Newly emerging and still amorphous responsibilities that business should assume to become more broadly involved in actively improving the social environment. For bringing back and maintaining the general balance in the economic and social arena it is evident to think deeply and act wisely about CSR. Every business house owes some responsibility towards the society, nation and world in general which provide it with all human, material and natural resources. Considering the long run growth and sustainable development following the norms of CSR, devising new policies and effective implementation is inevitable to bring and sustain a balance between corporate world and society, present generation and upcoming generation, man and nature. As far as the John Energy Limited is concerned, it has gone a long way in fulfilling its duty and responsibility towards the society and the nation.
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