After organising the largely-attended Indo-Global Business Meet at the House of Lords, UK & the IOD Global Convention on Corporate Governance and Sustainability at London in October, 2017, and Global Convention on Risk Management and Business Meet at Singapore in December, 2017, the Institute Of Directors organised it’s 12th International Conference on Corporate Social Responsibility on 09-10 February, 2018 at Hotel Lalit Ashok, Bengaluru (India).
CSR in India is at a nascent stage. There is unanimity about desirability, but few organizations have developed any overall strategy to actualize it. The best approaches to CSR are still fragmented and disconnected from overall business. The CSR mandate promulgated through the Companies Act, 2013 requires over 16,000 companies to spend 2% of their net profit on specified CSR activities. The Act has asked these companies to have CSR policies, CSR committees and work on their Board’s direction. It has moved from backroom to boardroom. CSR has become the new game changer, needing an actionable business agenda. That is the theme of the forthcoming International Conference, where India is the first country in the world to mandate CSR under law.
This year, the Secretariat received over 293 responses, for the above annual Golden Peacock Awards. Out of which, after careful scrutiny, 129 applications were shortlisted for final selection through a 3 tier Assessment Process. The Quality of Shortlisted Entries evidenced competitors’ commitment and high level of quality to achieve world-class status. An Assessment Group comprising of CSR and HR experts was set up to assess the applications. Each of the applications was reviewed by assessors independently, and was late.