CSR - the new buzz word

Agencies
Posted: Thursday, Jan 03, 2008 at 0000 hrs IST
Updated: Thursday, Jan 03, 2008 at 1450 hrs IST

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Bangalore, January 3:: performance", he said, apart from increasing a firm's ability to both attract and retain qualified employees.

So far, apart from Sebi's initiatives to crystallize corporate governance, the chief drivers of change in corporate governance standards in India have been from foreign institutional investors.

According to a survey of the Asian Governance Association, which ranks the top 10 Asian countries on corporate governance parameters, over the last eight years, India has consistently ranked among the top three along with Singapore and Hong Kong.

"I believe pressure from society will force corporates to increase their CSR activities in a big way and companies in India have already understood this aspect", he said....

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