CSR-Directors Boost Compliance and Value for Indian Firms
Indian firms that appoint directors with experience in Corporate Social Responsibility (CSR) are more likely to comply with the 2013 CSR regulation. These directors help companies implement cost-effective CSR strategies, focusing on fewer projects in specific locations. This approach is especially beneficial for firms in competitive industries, with high debt, or no prior CSR history. Companies with higher CSR compliance see increased value and creditworthiness.