1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

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

9. 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.

10. 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

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

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. Thank You