India: National Guidelines on Responsible Business Conduct published

This post, India: National Guidelines on Responsible Business Conduct published,  by noreply@blogger.com (Robert Goddard), first appeared on  at http://corporatelawandgovernance.blogspot.com/.

In 2011, the National Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business were published. These has now been replaced by the National Guidelines on Responsible Business Conduct, dated 2018, and recently published online by the Ministry of Corporate Affairs: see here (pdf).

The Guidelines set out nine principles, each supported by a short description and what are called ‘core elements’. For example, the first principle – that “[b]usinesses should conduct and govern themselves with integrity, and in a manner that is ethical, transparent, and accountable” – has nine core elements, the first of which is: “The governance structure should develop and put in place structures, policies and procedures that promote this Principle, prevent its contravention and effect prompt and fair action against any transgressions”.

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