Ethical Funding of CSR Projects: Few Practical Issues

Abstract

A substantial part of the profit generated by Indian corporates are being spent and shall be spent in future on CSR activities as it has become mandatory. Corporates should take a cautious approach, conduct due diligence and ensure that every rupee is used for the purpose. It should go to the ultimate beneficiary in the most ideal way. Compliance and satisfying the auditor and the regulator should not be the only target of the corporates. The article suggests few thoughts on ethical spending of the CSR budget.