Thursday, 25th May 2006 (1345 views)

Leading industry figure Dr Jamshed J Irani has praised companies in India for acting responsibly, the Navhind Times reports.

Speaking at the third Vasudeva V Sinai Dempo Memorial Lecture in Panaji, Dr Irani observed that more and more companies, both in India and abroad, were adhering to good corporate governance because this pays the greatest social dividends.

Deccan Gold Mines is a major gold miner in India and clearly spells out its own commitment to social corporate responsibility on its website.

The company points out that it plans to use "the world's best practices" when undertaking exploration activities and will contribute to restoring degraded forests by planting a variety of trees and shrubs.

It is also "committed to protecting the environment and maintaining an ecological balance in areas where it operates".

Dr Irani stressed that companies should uphold their own standards and values in any situation and that this would inevitably lead to the best results.

 

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