Social Audit: Concepts and Practices

In corporate policies, the growing significance of the sustainability factor heralds the advent of a certified New Age model of "caring capitalism," wherein the trendiest of trends in corporate governance is Social Auditing. It is a process through which an organization can account for, report on and improve its social performance and that allows an organization to determine whether it is meeting its social, environmental, cultural and community-based objectives. It traces the historical roots of social audit and how its relevance has been revived in today’s business context. This book takes us through the principles and practices of this concept, and the various standards, models and frameworks involved. It further focuses on how business success can result from Corporate Social Responsibility, and presents both country and corporate experiences in social audit.