Journal of Applied Management- Jidnyasa

Saima Rizvi ¹, Ruchi Shah ²

Affiliations
1 IILM Institute for Business and Management Gurgaon, Haryana, IN
2 IILM Institute for Business and Management. Gurgaon, Haryana, IN

Abstract

Social Entrepreneurship worldwide had been much spoken about as an emerging concept. Rural India presented an immense opportunity for such phenomenon to benefit two third of the population living at the base of the pyramid. Indha was one such enterprise which provided economic and financial sustainability to the underprivileged women. Indha craft was established with the objective of empowering the local women and artisans and making them financially self-reliant. The organization had trained around 10,000 women and provided them a platform to sell their handmade products in cloth, paper and other crafted items. The social venture was struggling to break even after 11 years of operations and existence. Eleven years of severe struggle for survival left Indha to ponder over whether it should continue to touch the lives of the women and artisans pan India or close down as an unsuccessful attempt.

Keywords

Social Entrepreneurship, Triple Bottom Line, Breakeven, Karigari Project, Bottom Of Pyramid.

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Saima Rizvi ¹, Shivani Teckchandany ¹

Affiliations
1 IILM Institute for Business and Management, IN

Abstract

Corporate Governance is a set of rules, regulations, processes, disclosures and guidelines that is put in place by the regulator for the smooth functioning of a business enterprise. The area of corporate governance is gaining tremendous importance in recent times. Managers are recognizing the importance of corporate governance in overall sustainability of the business. Every enterprise has to keep in mind the financial, social and economic implications of business. In this regard, the regulator- financial market regulator SEBI- has made it mandatory for companies to update Business Responsibility report on their websites. The reporting requirement is in line with the 'National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)' notified by Ministry of Corporate Affairs, Government of India, in July, 2011. The present study is a case based research on select listed banks that have come out with their BRR after the ruling by the regulator. The study is based on the secondary published data extracted from the annual reports and websites of the companies. The study evaluates the impact of Business Responsibility Reporting on the performance of Indian Banks.

Keywords

Corporate Governance, Business Responsibility Reporting, Indian Banks, Bank Performance.

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