GS4 · 10 marks · 150 words

It has been argued that traditional approaches to corporate social responsibility (CSR) are inadequate. Discuss. Also, examine the role of Social License to Operate (SLO) in this regard. 10 (Social License to Operate: SLO)

Answered by 4 toppers · CSE 2018–2019

Corporate Governance

Syllabus: Public/Civil service values and Ethics in Public administration: Status and problems; ethical concerns and dilemmas in government and private institutions; laws, rules, regulations and conscience as sources of ethical guidance; accountability and ethical governance; strengthening of ethical and moral values in governance; ethical issues in international relations and funding; corporate governance.

How toppers approached it

From 2 of the 4 answers · about 150 words.

Opening

  • A definition1 of 2
  • No separate opening1 of 2

Body

  • Points2 of 2

Close

  • No separate close2 of 2

The toppers’ answers

Kanishak KatariaAIR 1 · CSE 2018 · 132 wordsTheir whole copy

Opening

CSR was thought of as an act of gratuity by the corporates to the society. For accessing the public resources, corporates paid to the people what their due was. However the concept has proven inadequate as

Body · points

  • CSR is just nominal in the form of contribution to PM fund instead of ground level improvement
  • Being voluntary not many firms are willing to comply & escape giving their true dues.

Close

Social License to operate can help ensure social accountability on the corporates. Just like social Auditing of government work, SLO will help evaluate the proposals in advance & hence ensure social development.

Being a precursor check it will help in identifying & choosing only the worthy corporates instead of chasing them in the present CSR regime & trying to impose moral sanctions.

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