The New Companies Act to Change the CSR Scenario in India: Kamleshwar Sharan

INDIACSR News Network

PANAJI/GOA: A Conference on Human Resources (HR) and Corporate Governance to be held at Cidade De Goa on April 19th and 20th , The two day meet will be formally inaugurated on 19th morning by Dr. Bhaskar Chatterjee, IAS (Retd), Director General & CEO, Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, Govt. of India. Sri Shripad Y. Naik, Member of Parliament-Lok Shabha from Goa will also grace the inaugural function. More than 150 HR and Corporate Governance Professionals from across India are expected to take part in the conference informed Mr. Kamaleshwar Sharan, addressing a press conference here in city today at Cidade De Goa.

Kamaleshwar SharanGiving details he added that the other distinguished guests who will also grace the occasion and address during the meet include Mr. M.V. Tanksale, CMD of Central Bank of India; M Narendra, CMD, Indian Overseas Bank. Both these bankers will be given away “HR Oriented CEO Awards” during the inaugural function. Mr. M.V. Tanksale will also be felicitated with “Life Time Achievement Award”

Organized by New Delhi based non profit organisaiton, Greentech Foundation in support with Indian Institute of Corporate Affairs, Ministry of Corporate Affairs, Government of India, the 2 days conference aims to deliver informational and perspective emphasis on Human Resource Management & Corporate Governance. The combination of Keynotes and Sessions of the conference  will  provide guidance based on Best Practices and Experiences of Developing and Implementing Best Strategies.

Mr. B. B. Singh, Former Director – Personnel, Steel Authority of India Limited; Mrs. Indira Padmini, General Manager – HR, Marketing & Retail Banking, Indian Overseas Bank;  Mr. Dhruv Desai, Sr. Vice President – HR & Leadership Academy, Angel Broking; Mr. DilepMisra, President Group – HR, J.K. Organisation (E.Z.);  Mr. Anand Shankar Chief Executive Officer, India, South East Asia, Aon Hewitt;  Ms. Shikha Rastogi, VP & Head HR, Inx News Pvt. Ltd; Mr. Sabyasachi Bhattacharya, ED- HR, Phillips Carbon Black Limited; Mr. AdvaitKurlekar, C.E.O, Upohan Management Consultants and Dr. Sunil Rai, Director, Goa Institute of Management will also participate  and address the delegates.

During these two days, the delegates will discuss on Employee Expectations and Motivation, Managing Talent, Employability and Skills: Challenges and Trends, Effective Succession Planning, Emerging Trends in Performance Managements, Rewards and Recognition and Aligning Employees Association to Organizational Goals. The Corporate Governance Topics include Governance & Transparency, Issues in CSR & Board Procedures, Role, Responsibility & Accountability of Independent Directors and Investor Protection & enhanced disclosures and many subjects of greater importance.

It is indeed necessary for the HR professionals to keep in touch with the latest developments in HR & Corporate Governance field so that they can implement these measures in their own work place. This objective will be achieved by means of detailed analysis and debating on various topics., informed Mr. Sharan .

Many distinguished HR Professionals and companies will be given away 3rd  Annual Greentech HR Awards’ for their professional excellence.  Companies will be recognized for their Best Strategies in HR, Training Excellence, Innovation in recruitment Technology, Excellence in HR and Innovation in employees retention strategies.
Individual HR Professionals will also be identified and recognized for professional excellence in categories such as HR Leader, Leading CEO of the Year, Young HR Professional and HR Oriented CEO informed Mr. Kamaleshwar Sharan.

Due to ever changing business and market environment, there is a shift in the HR profession from administrators to strategic advisors. Today HR professional who understand the language of business, who speak in financial terms and who express the value of their work in relations to its impact on the bottom line will only excel in their role. Hence, meeting like this one helps professional to meet ever changing demands of their profession, said Kamaleshwar Sharan.

The conference is also being held at such a time when CSR(Corporate Social Responsibility) is increasingly becoming the part of a large companies in India. They increasingly see it to be prospering at the expense of the broader community, resulting in an adversarial relationship between business and society, added Kamaleshwar Sharan.

The Companies Bill, 2011, aimed to give a modern legislation for growth and regulation of corporate sector approved by the Union cabinet is set to become an Act during the Winter Session of the Parliament  once it is passed in Rajysabha. The Act makes companies answerable towards corporate social responsibility and makes it mandatory for companies with a net profit of Rs 5 crore or more to spend 2 per cent of its Profit after tax (PAT) on CSR informed Kamleshwar Sharan.   Not spending or even failing to report the same in the report to Ministry of Corporate Affairs (MCA) attracts fine of Rs.50 lakhs and even imprisonment of 2 years Mr. Sharan informed.

Henceforth, the companies are not just answerable to its shareholders but also to its stakeholders, the people who are affected by its business. Mere  a Cheque-book charity where you give a cheque for a charity activity and forget and think that your CSR activity is over is not CSR. Mere cutting cheques is not CSR, he said. Anything done to your employees is not CSR, it is a human resource activity. Anything done by volunteers of your organisation cannot be counted as CSR. CSR must be conducted by professional implementation using implementing agencies. Any activity that is not a project is not CSR, the Project should have a starting time and an ending time. Mere monitoring or documenting with pictures of a program or activity is not CSR. And lastly that activity that has not been given board approval passed by the board and does not have a board resolution number is not CSR informed Mr. Kamleshwar.  Hence, this two day conference is very significant one, he said.




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