In contemporary world, corporate sector’s contribution in generating wealth and employment is increasing. In doing so, they are bringing in unprecedented onslaught on the climate, environmental sustainability and living conditions of human beings. In this background, do you find that Corporate Social Responsibility (CSR) is efficient and sufficient enough to fulfill the social roles and responsibilities needed in the corporate world for which the CSR is mandated? Critically examine. (UPSC 2022, 10 Marks, )
वर्तमान विश्व में, कॉर्पोरेट क्षेत्र का धन और रोजगार उत्पन्न करने में योगदान बढ़ रहा है। ऐसा करते हुए, वे जलवायु, पर्यावरणीय स्थिरता और मानव जीवन की स्थितियों पर अभूतपूर्व आक्रमण ला रहे हैं। इस पृष्ठभूमि में, क्या आपको लगता है कि कॉर्पोरेट सामाजिक उत्तरदायित्व (CSR) कॉर्पोरेट जगत में आवश्यक सामाजिक भूमिकाओं और जिम्मेदारियों को पूरा करने के लिए प्रभावी और पर्याप्त है जिसके लिए CSR अनिवार्य है? आलोचनात्मक रूप से जांच करेंView Answer
Introduction
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The corporate sector's influence on wealth generation and employment is growing.
However, this progress often comes at the expense of climate, environmental sustainability, and living conditions.
Corporate Social Responsibility (CSR) is seen as a mechanism to address these issues.
What do you understand by 'moral integrity' and 'professional efficiency' in the context of corporate governance in India? Illustrate with suitable examples. (UPSC 2023, 10 Marks, )
भारतीय कॉर्पोरेट गवर्नेंस के संदर्भ में 'नैतिक अखंडता' और 'पेशेवर दक्षता' से आप क्या समझते हैं? उपयुक्त उदाहरणों के साथ स्पष्ट करेंView Answer
Introduction
Corporate governance refers to the system of
rules, practices, and processes by which a company is directed and controlled.
It involves balancing the interests of a company's many stakeholders, such as
shareholders, management, customers, suppliers, financiers, government, and the
community.
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