Business Law

Business law

Q.1

When the corporate initiate various process towards the welfare of the society. It generally smears the efforts of the company on the environment of the society and in its welfare. It considers it as a social responsibility.

It is also called as corporate citizenship too. In corporate social responsibility, the company do not utilize the financial benefits of the company.

Due the companies in the country the community and the economy have a great effect. Companies have various assets under their control and the dumping them to the social cause and to the benefits of the stakeholders of the company.

The CSR activity is also an Ethical responsibility and safeguards its agreement legally. The CSR is active from 1960 and remains as it is.

The key pattern of corporate social Responsibility are:

ENVIRONMENT

CSR – A PRINCIPAL THOUGHT:

1. Towards the Society:

* Doing activities in ethical manner

* Reduces environmental litter.

* Use of better technology

* Locality development.

2. Towards the Government

* Maintaining the rules and regulations

* No illegal works

* No advantage of the gaps in the business

* Income tax payment

3. Towards Shareholders

* Transparent nature

* Try to survive and growth

* Maintain the goodwill of the company.

4. Toward consumers

* Good quality services

* Maintain the customer loyalty

* Proper pricing

* Fair competition with the competitors.

5. Towards the employees.

* Good working condition

* Better appreciation

* Regular salaries and wages

* Provide working standards and norms.

STRATEGIES OF CSR:

* Maintain the human rights

* Creativity

* Appreciate the difference in thoughts

* Value addition

* Fair dealings

The Companies that I have chosen are:

* HUL

* P & G

* ITC

Corporate Social responsibility of HUL:...