Loyola Institute of Business Administration presented the Mother Teresa Award for Corporate Citizen 2011 to Tata Chemicals Ltd and special award was given to Sobha Developers Ltd. The awards was presented by the Chief Guest Mr. N. Gopalaswami I.A.S (retd) Former Chief Election Commissioner, Govt. of India and the report of the Award committee was presented by Mr. N. Vittal I.A.S (retd) Former Chief Vigilance Commissioner, Govt. of India.
LIBA instituted the Mother Terasa Award for Corporate Citizen in 1998. The award, which has acquired an all India reputation and which is well known in corporate circles was started with the objective to showcase Corporate Social Responsibility which has gone far beyond its call of duty to promote welfare activities for the benefit of the poor and marginalized sections of society and is environmentally conscious. The jury shortlisted six companies: Hindustan Petroleum Corporation Ltd. (HPCL), Sobha Developers Ltd, Cognizant Technology Solutions Ltd, Tata Chemicals Ltd, Hindustan Zinc Ltd & Marg Ltd who made the final presentation on Jan 12th 2012.
Mr. N. Gopalaswami I.A.S (retd) Former Chief Election Commissioner, Govt. of India, while giving away the oration speech said, "CSR is in fact a subset of Corporate Ethics and unless the Corporates follow ethical practices, any CSR, howsoever well done, would at best be a window-dressing. It is therefore the responsibility of all Corporate Citizens not to stop with CSR but lay a strong foundation for corporate ethics within their companies. Only then we could truly say and with pride that we are Responsible Corporate Citizens".
During his welcome address Fr. Christie, SJ, Director LIBA stated that "LIBA is the only B school in India to recognize companies who demonstrate social commitment and commendable involvement in programmes of CSR far beyond the call of duty. It is our privilege to present "Mother Teresa Award for corporate citizen 2011" as this enhances a company's reputation by building positive bridges to communities, customers and the public. LIBA takes pride in recognizing the company that has shown exemplary commitment to the ideals of corporate citizenship"
On receiving the award, Ms.Alka Talwar of Tata Chemicals said, "Everything that we do in the company links to CSR and I think this holistic approach has made us won this award".
On accepting the award, Mr.Gopal Krishnan of Sobha Developers said, "I'm happy on receiving this award. Though I can't change the entire world or country, I can at least change the future of a village".
Notes to Editor
Loyola Institute of Business Administration (LIBA), established in 1979, is a premier management institute known for its academic excellence and value-based education. It is the only private B-school in South India to consistently rank in the Top 10 of such institutes in India. LIBA provides management education to both fresh graduates seeking world-class management education and also to those who are already employed and want to enhance their managerial skills. In addition, it offers a doctoral program, one year executive PG Diploma, certiï¬cate programs, blended learning (E-Learning) and executive PG programs. The Post Graduate Diploma in Management (full-time) is being offered since 1995. Both the part-time and the full-time PGDM programs are approved by the AICTE and the full-time program is recognized by the AIU as equivalent to the MBA degree of Indian Universities. LIBA also has collaborations with several Universities overseas and seeks to imbibe a global mindset in its students.