DYAL SINGH EVENING COLLEGE

SUBMITTED BY
IMRAN
ROLL NO. 28D
BCOM (PROG)

TEACHER – GHAZI SHANGDERPA

 CORPORATE SOCIAL
RESPONSIBILITY
■ The practice of CSR or Corporate Social Responsibility as a paradigm for firms and
businesses to follow has evolved from its early days as a slogan that was considered
trendy by some firms following it to the present day realities of the 21st century where
it is no longer just fashionable but a business requirement to be socially responsible.
■ This evolution has been necessitated both due to the myriad problems that we as a
race face which has changed the environment under which firms operate as well as a
realization among business leaders that profits as the sole reason or raison d’être for
existence can no longer hold good.
■ The reason why companies must look beyond profits is also due to the peculiar
situation that humanity finds itself in the second decade of the 21st century. Given the
political, economic, social and environmental crises that humans as a race are
confronting, corporations have a role to play since they contribute the most to the
economic well being of humanity and in turn influence the political and social trends.
IMPORTANCE OF CSR

■ Corporate social responsibility allows organizations to do their bit for the society,
environment, customers or for that matter stake holders.
■ Let us go through the importance of corporate social responsibility.
■ The term corporate social responsibility gives a chance to all the employees of
an organization to contribute towards the society, environment, country and
so on. We all live for ourselves but trust me living for others and doing something
for them is a different feeling altogether. Bringing a smile to people’s life just
because your organization has pledged to educate the poor children of a particular
village not only gives a sense of inner satisfaction but also pride and contentment.
One should never forget the importance of society and environment in our lives. It
is indeed high time when we also start thinking about people around us who are
less privileged and fortunate than us. Corporate social responsibility gives an
opportunity to organizations to work towards the betterment of the society and
make it a better place to live.
TOWARDS CUSTOMERS

■ Treat your customers as kings and do not think of them only

when you have a pressure to meet your targets within the
stipulated time frame. There are organizations that do not bother
to touch base with their customers the whole month but are active
only when they fall short of their targets and they have an appraisal
in the coming month. Understand that a customer buys your
products or services only when he/she trusts your brand and most
importantly believes in you. Understand the needs and requirements
of your clients. Find out as to why they need a particular product
and how your product would benefit them. You need to build a
strong relationship with your customers for them not only to remain
your loyal clients but also bring more people along with them
FUNCTIONS OF CSR
■ 3.2. Functions and Powers of Committee
■ To effectively implement the objectives of the Company with respect to CSR, the Committee is vested
with the following functions and powers:
■ a. Formulate CSR Policy and recommend the same to the Board of Directors of the Company for approval
■ b. Recommend CSR activities as stated under Schedule VII of the Act
■ c. Approve to undertake CSR activities, if necessary, in collaboration with Rittal group companies/other
Companies/firms/NGOs etc., and to separately report the same in line with the CSR Rules
■ d. Recommend the CSR Budget
■ e. Spend the allocated CSR amount on the CSR activities once it is approved by the Board of Directors of
the Company in accordance with the Act and the CSR Rules
■ f. Create transparent monitoring mechanism for implementation of CSR initiatives in India
■ g. Submit the Reports to the Board in respect of the CSR activities undertaken by the Company
■ h. Monitor CSR Policy from time to time
CSR POLICY
CSR COMMITTEE

■ CSR Committee: 
■ Every Company on which CSR is applicable is required to constitute a CSR
Committee of the Board:
■ Consisting of 3 or more directors, out of which at least one director shall be
an independent director. However, if a company is not required to appoint an
independent director, then it shall have in 2 or more directors in the
Committee.
■ Consisting of 2 directors in case of a private company having only two
directors on its Board
■ Consisting of at least 2 persons in case of a foreign Company of which one
person shall be its authorised person resident in India and another nominated
by the foreign company