Thursday, February 18, 2010

Do we need a Corporate Responsibility Act for companies to be sociallly responsible? Or leave it to their own wisdom?

In a country like ours most of the laws have failed to book the culprit and punish him or her in time. So how can we even think of Indian companies becoming socially responsible overnight and doing things for us?

Laws need to be enforced. Otherwise the Corporate Responsibility Act will be one more addition to the hundreds of laws which have been enacted in the Parliament and Assemblies for students to read, professors to teach and lawyers to practise and earn. Period.

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