CSR implementation plagued by corruption, says watchdog
Some companies may divert or siphon off CSR funds for non-CSR purposes such as personal expenses, political donations, bribes, or illegal activities, says India CSR founder Rusen Kumar
Some companies may divert or siphon off CSR funds for non-CSR purposes such as personal expenses, political donations, bribes, or illegal activities, says India CSR founder Rusen Kumar
The new SEBI rules can provide an impetus to Indian organisations to focus on investing in fraud prevention mechanisms in order to detect red flags early on.
Only individuals and organisations who are compliant with the rules of the game will survive and succeed.
Justice Srikrishna panel finds Kochhar, the former MD and CEO of ICICI Bank, violated the bank’s code of conduct. In a statement, Kochhar says, “truth will ultimately prevail”
ICICI Bank’s top management finally witnessed the inevitable churn with Chanda Kochhar exiting and Sandeep Bakhshi taking over the wheel. But is this the last we’ll ever see of Kochhar?
The changes to the Prevention of Corruption Act represent a systematic shift in focus towards the pursuit of bribe givers, as against bribe recipients.
Tata Trusts managing trustee and AirAsia India director R. Venkataramanan summoned to appear for questioning on July 3.
Transparency International says most countries are making little or no effort in ending corruption.