Abstract: Historically, the concept of Corporate Social Responsibility (CSR) has been associated with corporate philanthropy. However, the current definitions of CSR advocate that the firm should engage with stakeholders for long-term value creation not only for the purpose of business. In response to various developments in the globalised world, CSR has evolved into a global phenomenon spanning both developed and developing economies. The present paper examines the role of government policy framework in India in the background of mandatory CSR guidelines provided in the Companies Act, 2013. The paper aims to explore the evolution of corporate governance practices and their implementation in India and the United States, given that the one has mandatory CSR guidelines and the other follows the voluntary practice of reporting, respectively. Finally, the paper will attempt to offer an assessment of the contemporary attitudes towards CSR in these two countries and debates concerning them.
Keywords: Corporate Social Responsibility, CSR, Companies Act, Corporate Governance, CSR- US.
Title: Examining CSR Practices in India and the United States
Author: SHIVANGI SHARMA
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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