Vol. 2, Issue 11, Part C (2016)

Abstract
Both Corporate Governance and Corporate Social Responsibility have gained importance, specially, in the back drops of a number of corporate scams and scandals all over the world. Many laws and rules and regulations have been framed to ensure good governance and incorporate a sense of CSR in the activities of the companies. In India, Clause 49 of the Listing Agreement relates to Corporate Governance. Provisions related to Corporate Governance and CSR have been included in Companies Act, 2013. Review of Literature on CG and CSR have suggested that companies give due importance to both. Review of the studies undertaken on the topic suggests that there is a close relationship between the principles of Corporate Governance and Corporate Social Responsibility and both are required to be incorporated in the affairs of the company for its long term sustainability.