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An article on the Ethical Corporation website explores the recent events at Satyam in the context of Satyam once being admired as a leader in Corporate Social Responsibility.
Considering the nature of Satyam’s downfall, how could they have been considered a beacon for corporate responsibility? Of course the answer lies in what you define corporate socialresponsibility to mean.
“Such a narrow definition of corporate responsibility as charity is common among Indian companies. When talking about responsible business, most exclude key issues such as transparency, ethics, governance, anti-corruption and accountability to stakeholders. Most list only charity projects as their corporate responsibility programmes.”
The full article is available here:
