CSR AND GOVERNANCE IN EDUCATIONAL INSTITUTIONS Dr. Chandrahauns R Chavan Associate Professor and Former Incharge Director Jamnalal Bajaj Institute of Management Studies & Mr. Balkrishna Parab acs, aicwa Assistant Professor University of Mumbai.

Objectives of the Study To discussed and look into the aspects of CSR and governance in the context of an educational institution. To touch up on the meaning of corporate social Responsibility and relevance of good governance and the need to discuss CSR and governance issues. To present the main themes, namely decentralization, role of teachers in governance and development of teacher-leaders.

Corporate Social Responsibility: Definition Corporate social responsibility is the continuing commitment by business to behave ethically and contribute to economic development, while improving the quality of life of the workforce and their families as well as of the local community and society at large.

CSR in Indian Context In Indian context, CSR encompasses - all activities aimed at communities (be they philanthropic, social investment or commercial initiatives) that benefit them in a sustainable manner. However, a company that undertakes such activities but does not comply with business basics cannot be termed as socially responsible.

Global Trends in CSR Critical Issues Role of a corporate entity is value creation (jobs, product and services, innovation, taxes, contribution to community) Corporate entities are now vulnerable to pressure from the civil society: growing request for accountability, transparency, responsibility The success of a corporate entity is dependent on trust: the corporation cannot achieve its long term objectives in a hostile societal environment.

Global Trends in CSR Complex Issues CSR definition vary according to space (cultural and geographical), time industrial and corporate culture. Many stakeholders, with conflicting interest and demands Globalization of business – with its multicultural dimension – increase the complexity of the managerial task. Each industry defines its concepts of risk, bottom lines and way to translate corporate philosophy into action.

Governance Governance is "the art of steering societies and organizations". Governance is neither simple nor neat — by nature it may be messy, tentative, unpredictable and fluid. Governance involves multiple actors, not a single helmsman. These multiple actors are the organization's stakeholders.

Educational Institution’s Stakeholders Organisation Student Teachers Administrative Staff Parents Unions Management Competing Institutions Local Community Regulators Government

Characteristics of Good Governance Participation Transparency Responsiveness Consensus Orientation Equity Effectiveness and Efficiency Accountability Strategic vision United Nations (1997) "Governance and Sustainable Human Development“, United Nations Development Programme, New York.

Why Examine Governance? Good governance leads to a number of positive consequences, including: People trust your organization You know where you’re going Your ‘management’ is connected to your stakeholders You get good decisions; people value your work You have the ability to weather crises

Themes in Governance of Educational Institutions Decentralization Role of teachers in governance Development of teacher-leaders

Decentralisation Decentralisation refers to a dynamic relationship between the center and periphery. In the context of an educational institution decentralization would entail involvement of all stakeholders in institution-based decision making.

Role of Teachers in Governance Teachers are primarily motivated by intrinsic rewards such as self-respect, responsibility, and a sense of accomplishment. Three policies have been successful in motivating teachers: Shared governance In-service education Systematic, supportive evaluation.

Developing Educational Leaders For long our educational institutions were characterized as “hierarchical, bureaucratic organizational structures”. These structures cannot survive in the new economy. The new environment requires a shift in roles, relationships, and responsibilities.

Developing Teacher-Leaders In a democratic society, it is vital that students learn to think reflectively, function at high stages of moral reasoning, and be autonomous decision makers”. Hence, the role of teacher-leader becomes critical in providing the example and environment to foster such democratic ethos.

Conclusion “The business of business is business” has outlived its utility and social responsibility and being a good corporate entity is the need of the day. For sustainable development, in the long run those organizations or group of persons who do not exercise power in a way which society considers responsible will tend to lose and sacrifice the success and dignity.

Thank You