It is three years since changes to the Companies Act made it obligatory for managements to go beyond philanthropy to invest two percent of their profits in the development goals of the country. With Clause 135 coming into the law, mere charity will no longer do. Social spending requires board-level attention and well-defined strategies to impact healthcare, education, skilling, sanitation and much else.
The Federation of Indian Chambers of Commerce and Industry (FICCI) has for long helped its member companies in being socially relevant. But the changes in the law have come with various challenges.
To. . .
