IT is a decade since the law on corporate social responsibility was passed in 2013. This is a good time perhaps for a reality check on what the law has achieved. Several questions can be asked.
Do the two percent of profits that must be spent on CSR have any significance at all in relation to India’s huge development requirements? Are managements now more sensitive to complex national problems of inequality and poverty than they were before? Have business practices and boardroom decision-making become more inclusive?
The answers to such questions are complicated as is only to. . .
