Anoksha M Shetty, OP Jindal Global University
ABSTRACT
This part of the paper will aim to perform a comparative analysis of Corporate Social Responsibility (CSR) regimes in three jurisdictions, namely, India, UK, and the USA, the main differentiation between them being mandatory CSR in India and voluntary CSR in the latter two countries. There are various concepts of CSR violations and directors’ duties discussed, but in the interest of whether these provisions are effective, other jurisdictions are looked at in this part of the paper. Comparing the legislations in the three countries, we will consider the advantages and disadvantages of the mandatory and voluntary approach, and specifically look at the concepts of tokenism and directors’ liabilities. We argue that a mandated framework of CSR, with voluntary features that consider the local, socio-political, and economic differences is the best way forward with a CSR regime.
Comments