Friday Talk Series on "COVID-19 & Distressed Business : American responses" with Prof. Adrian Walters, Ralph L. Brill Professor of Law at Chicago-Kent, College of Law, USA on 19th June
Webinar with Mr. Ariel Ezrachi, Slaughter and May Professor of Competition Law and Director, Centre for Competition Law and Policy, University of Oxford on "Digital Markets and Competition Law” held on 10th June 2020 (Wednesday
Lessons Learned from COVID-19 from a System Thinking Perspective and Integrative Value Management by renowned Prof. Dr. Wayne Visser on 19 June 2020
Research- CSR Practices of Maharatna Companies via Peer Review Study
The NFCSR conducted a peer review study of CSR practices for Gas Authority of India Limited (GAIL)
The NFCSR conducted a peer review study of CSR practices for Gas Authority of India Limited (GAIL). Using secondary research, IICA analyzed the practices of Oil and Natural Gas Corporation ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL). The study sought to identify and describe patterns in the companies’ CSR practices, such as how the companies approach CSR policy and strategy, project development and implementation, monitoring and evaluation, and other elements; trends in thematic and geographic expenditures; approaches to spending, administration, and application of tax; and the impact of CSR on corporate financial performance. Based on these findings, IICA prepared a Summary Action Plan of conclusions and recommendations to help GAIL (and other CPSEs) can improve and scale up CSR interventions
How CPSEs identify, prioritize, develop, implement, monitor, and report on CSR initiatives, and how these practices affect socio-economic development as well as company financial performance, is not particularly well known. This is especially so in the case of Maharatna companies, which, due to their size, have the potential to generate significant economic and social impacts via CSR. IICA’s peer review consists of a critical study on CSR activities of Maharatna companies in India, conducted with an aim of identifying existing practices, trends and challenges, contributions towards socioeconomic development, and the impact of CSR practices on the financial performance of CPSEs. In doing so, it provides a framework for the development of CSR in public sector enterprises.