CSR sector set to grow as society and corporate citizens turn more responsible
Anand Bhisey: Associate Professor Centre for E-Learning & Development Communication The roles of the individual components of society – whether citizens, the State machinery or corporate entities – are evolving as the world progresses towards a more liberal and responsible society. Corporate entities are now expected to, and, indeed, are, functioning in a more transparent and responsible manner than ever before as the world has come to realize that they are as much “citizens” of society as any person. Companies may be inanimate legal entities, but they have as much an obligation towards society as any single person. All over the world, corporations are making greater effort to ensure that their functioning is responsible and that they repay their debt to society in general and to the communities in which they function in particular. This is being done through the route of Corporate Social Responsibility, also known as CSR. The concept of CSR is not ne...