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Corporate Social Responsibility: A New Edge of Corporate Governance in India (With special reference to JSW Steels Ltd., Torangallu)

Author Affiliations

  • 1 Bhuwalka Group of Companies, Bhuwalka Centre, No. 71, 3rd Cross, Residency Road, Bengaluru – 25, Karnataka, INDIA

Int. Res. J. Social Sci., Volume 4, Issue (5), Pages 23-30, May,14 (2015)

Abstract

Corporate Social Responsibility (CSR) has gradually been focused more stringently in the corporate governance in India. An attempt is made in the present piece of work to study and understand the development of CSR in Indian corporate sector and contemporary approach in the corporate governance of the nation. Further the study aims at to examine the nature and process of various CSR initiatives undertaken by JSW Steel Ltd,India’s largest steel manufacturing company in private sector and it’s impact on the targeted beneficiaries. Since it was an exploratory study, data collection was made adopting qualitative research methodology i.e, through both primary and secondary source. The study, however, suggests that the contemporary CSR practices of JSW Steel are based on an integrated approach of legal and moral obligation towards social development which had created a positive socio-economic impact on the community/local populace only.

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