Published Paper Details:

The Corporate Governance (CG), in today's scenario, tries to make balance between economic and social goals. Consequently, behaving socially responsible would increase the human development of stakeholders both within and outside the corporation. Corporate Governance strives for maximization of the profits so as to protect the corporate shareholders interest who have provided capital to firm, while corporate social responsibility (CSR) apparently against maximization because it suggested a set of actions beneficial for external stakeholders that may not be good for a shareholder. However, presently CSR is gradually getting fused into the corporate governance practices of the company because of the mandatory concept evolved by new companies act. Further, it may be noted that the corporate governance and CSR are two related and interlinked businesses concepts that are deeply embedded in the business practices. Thus, CG and CSR are strong compliments to each other. In this context, an attempt is made to discuss the concept of CSR and corporate governance, and their interrelationship, within legal and regulatory framework in India.