Guide to Better Disclosure - Manual on better disclosure

Detailed analysis of disclosure of top listed companies in India in their Business Responsibility Reports (BRR) has revealed that the quality of disclosure is far from what is expected from the most established and successful enterprises in the country. This lack of quality can be attributed both to the nature of questions asked in the reporting format prescribed by Securities and Exchange Board of India (SEBI), as well as the companies' efforts to bypass responding in the most appropriate manner to questions that seek answers on their commitment to being responsible.


This document is an attempt at defining the intent of each of the questions in the BRR and the quality of disclosure. While designing this manual/guide, it has indeed been kept in mind that the responses to each of the questions would differ from company to company – depending upon their policies and practices – and from sector to sector. The guide is, therefore, based on the responses from companies to the questions in BRR in the past two financial years (2012-13 and 2013-14).

Cases related to Non-Compliance of BSE listed top 100 Companies against NVGs

Cases of non compliance of top 100 companies - a compilation of cases of non-compliance committed by the BSE listed top 100 companies, by market capitilisation (2010-2015). The cases have been collated from different media sources which includes media publications such as Indian Express, NDTV, India today, Economic Times, The Hindu etc. In terms of principles of NVGs, there are cases of  non-compliance for all the principles. The number of cases under principle 1 is the highest with over 100 non compliance cases reported. There are, however, 9 companies for which there no cases reported by media.

Two-Minute Mockery of Responsible Business

Over three decades, this cup of 'healthy' 'easy-to-cook' instant food has dominated the instant food market in the country and many parts of the world. Attractive packaging, smart advertising and a product considered addictive by many who have slurped over their cup of Maggi ensured Nestle India Limited were the brand leaders in this domain. It brings us back to the question of whether the National Voluntary Guidelines on Business Responsibility Reporting provide a reasonably comprehensive guideline to ensure that business is run responsibly and rogue elements, be it national or multinational, are brought to account. The moot question is, can we afford to keep the National Voluntary Guidelines voluntary in the face of such blatant violations by the likes of Nestle and others? Corporate Responsibility Watch calls for not only making business responsibility reporting mandatory but also making its random verification non negotiable. Read the full article here.

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