Corporate Governance Symposium – Series 4 - Effective CSR and Sustainability Committee

The team at Ivy Law participated in a “Corporate Governance Symposium” organized by ASSOCHAM. The key highlights of the symposium focused on the impact of the recent amendments related to corporate social responsibility under the Companies Act, 2013, while keeping in mind emerging themes such as sustainable development goals, social enterprises, business and human rights, as well as business responsibility and sustainability report. The issues and challenges faced by corporate boards including non-compliances such as (i) the constitution of committees not being reported; (ii) high transaction costs faced by companies with low prescribed budgets; (iii) disclosure of information; (iv) effectiveness of committees on achieving compliance with standards; (v) issues related to formulation and monitoring of the corporate social responsibility policy were also addressed.