SocialFunds.com - At the conclusion of the first India Corporate Week, the Ministry of Corporate Affairs issues guidelines intended to encourage best practices in corporate governance and corporate social responsibility.

Asserting that “the business sector also needs to take the responsibility of exhibiting socially responsible business practices that ensures the distribution of wealth and well-being of the communities in which the business operates,” India's Ministry of Corporate Affairs issued Voluntary Guidelines for Corporate Social Responsibility, the intention of which is to encourage Indian corporations to acknowledge the need for observance of corporate social responsibility (CSR).

The guidelines were issued at the conclusion of the first India Corporate Week, which is planned to be a monthly event. Also introduced at the event were Corporate Governance Voluntary Guidelines, which are intended to help create a “system of transparent and accountable corporate functioning.”

For more on the guidelines, visit at: http://www.wbcsd.org/plugins/DocSearch/details.asp?type=DocDet&ObjectId=MzcwNDQ

Download the guidelines at: http://www.mca.gov.in/Ministry/latestnews/CSR_Voluntary_Guidelines_24dec2009.pdf