WHY VISION CONSULTING For End-to-End CSR Consulting and Hand-holding support for implementation (under Section 135 of the Companies Act 2013 )

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Presentation transcript:

WHY VISION CONSULTING For End-to-End CSR Consulting and Hand-holding support for implementation (under Section 135 of the Companies Act 2013 ) ( From CSR as EXPENDITURE to CSR as INVESTMENT with high RoI) PRESENTATION BY   VISION CONSULTING New Delhi  

1. BACKGROUND & NEED Section 135 of the Companies Act 2013 mandates CSR Spending @ 2 % of profit Assigns the task of approving the CSR activities to the Board and makes the role of the Board and therefore, CORPORATE GOVERNANCE , Crucial in the entire CSR compliance The drafting of section 135 of the Companies Act presents an EXPENDITURE orientation, which has led to, a) Many companies under Section 135 , look at CSR , negatively and Many as it looks simple. Chattered Accountants , Lawyers , NGO Executives , getting in to the domain of CSR Consulting. 9/22/2018

1. BACKGROUND & NEED But, Prof. Ranjan Mohapatra, Founder & Head of VISION CONSULTING , who had prepared the first draft CSR policy for Govt. of India in 2007 had drafted CSR as an INVESTMENT by linking CSR processes with BUSINESS Processes and getting CSR strategically linked to the BUSINESS Strategy . This was in operation in PSUs till March 2013. However, Section 135 has indirectly brought Strategic CSR in to focus by involving the BOARD as the pivotal point. Any responsible Board , when spending @ 2 % of profit , will have a CHOICE between letting 2 % , go as an EXPENDITURE or INVESTMENT. No responsible Board ,if offered a CHOICE can opt for letting 2 % go as EXPENDITURE 9/22/2018

1. BACKGROUND & NEED COMPREHENDING CSR in its TOTALITY : Challenge for the entire CSR fraternity including the new consultants (from Accounting , Legal and NGO backgrounds) lies in Comprehending CSR in its totality and NOT limited to the language of Section 135  As a part of Corporate System , to perform successfully CSR has to, a) have a place in the Corporate Landscape and it has to and have a balanced relationship with allied corporate functions.  Essentially, CSR has to function as a part of corporate structure and systems. 9/22/2018

Only when STRATEGIC CONNEECT is MADE 2. COMPREHENDING CSR CSR Benefit Benefit SOCIAL VISION CORPORATE VISION BENEFIT ? Only when STRATEGIC CONNEECT is MADE 9/22/2018

2. COMPREHENDING CSR - wrt, other corporate systems VISION CSR ( people outside organistion/ public ) HR ( people within organisation / employees) PROFIT C.G Ethics 9/22/2018

3. ANALYSIS : To comprehend CSR and generate BENEFIT to a CLIENT / COMPANY, a CSR Consultant MUST have the following areas of expertise ; Corporate Governance and Corporate Strategy HR systems & Strategies Corporate Communication Advertising & Brand Building Financial Systems , Investment Analysis & Project Management Leadership Styles and vision Ethics Management Change Management ( CSR law forces a CHANGE PROCESS in the Corporate System , which need careful management ) All possible Social Sector domains, not one or two , as many CSR consultants come up after working in few domains , to decide / advise an ideal and most productive LOW COST – HIGH IMPACT option. 9/22/2018

3. ANALYSIS : FAILING WHICH , CSR CONSULTANT is expected to support an ADHOC CHARITY option in the EXPENDITURE Mode, at a LOSS OF OPPORTUNITIES to the company / client. 9/22/2018

4. ABOUT VISION CONSULTING : Prof. Ranjan Mohapatra , having been a Management Consultant & Development Consultant FIRST and Policy Adviser NEXT, who has been behind the CSR policy for the Govt. of India (Public Sector, private sector companies ) and the World Bank has developed . He is known as the leader of the CSR MOVEMENT of India , due to his VISION and pioneering work for the CSR domain in India. He is also the pioneer in publishing and editing India’s FIRST monthly magazine in CSR , called CSR VISION.  He promotes STRATEGIC CSR against ADHOC CHARITY, CSR as INVESTMENT against CSR as EXPENDITURE As a columnist , he writes for news papers on CSR & Corporate Governance regularly. 9/22/2018

4. WHY VISION CONSULTING ? Because, Prof. Ranjan Mohapatra can help companies BENEFIT MORE out of CSR BUDGET , THAN any other consultant , by providing an Integrated Vsion for CSR STRATEGY / POLICY , linking Corporate Systems with Social Systems ( relevant to a company , within and Outside) and designing CSR organisation Structure , Systems , capacity building & training the CSR team and hand holding implementation ( Rating and selection of NGOs, Employee Engagement , improving CEO involvement, Regular Progress Monitoring & Reporting) Need Assessment & Impact Assessment Preparing CSR reports for MCA as per MCA format and Sustainability Report as per GRI format Promoting CSR of the Company through the Media and help improve the ROI on CSR . TELL US , IF ANY COMPANY WANTS TO THROW AWAY MONEY as EXPENDITURE, given a CHOICE ? 9/22/2018

VISION CONSULTING provides 5. WHY VISION CONSULTING ? VISION CONSULTING provides that CHOICE to COMPANIES , to GENERATE MORE BENEFITS ? 9/22/2018

MILES TO GO ----------------- ARE WE READY ??? 9/22/2018