The Ministry of Corporate Affairs’ notice last year directing companies to partner with NGOs for their CSR efforts requires companies to choose partners carefully, while NGOs must focus on monitoring and other requirements—so both sides are trying to address gaps and work with each other’s strengths
Courtesy: The Economic Times
The Economic Times published Gateway House’s Rajni Bakshi’s article on the concept of ‘trusteeship.’ She argues that the true essence of trusteeship is about a better alignment of business and society, profits and the larger common good, and that it is imperative for businesses in a maturing democracy to embrace it.