Director Today - February 2017

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IOD organised Global Convention on Corporate Social Responsibility 2017 in Bengaluru during 20-21 January, 2017. The Convention brought on a platform participants from different parts of the world who emphasized on socially responsible investments by focusing on governments priorities of social development. The Convention deliberated on inclusive growth and the role of CSR expenditures in promoting inclusivity. The conventionwas organized at a time when it was projected that one per cent of the rich in the country have the ownership of 51% of the assets and this disparity has become worse in the last ten years when the one percent richest were owning about 35% of the assets in the country. A deep concern was expressed on emerging disparity in the country along with the economic growth. CSR route was considered important in empowering the poor and the unskilled so that they can have a larger share of assets emerging out of the economic growth. CSR expenditure is aimed at improvingskills and employability.