The New Nation - Internet Edition

Sarker Nazrul Islam

Profit making should not be the sole motive behind trade and commerce. Industrialists and business entrepreneurs, as members of the community, have some social responsibilities to carry on. They must take up social welfare activities with a view to reducing the sorrows and sufferings of the poor and distressed sections in the society. Most experts feel in that way and they think that the government should take initiative to formulate a policy for industries and business enterprises in the country to carry out wide range of welfare activities under Corporate Social Responsibilities (CSR). That is there should be a structured format for such CSR jobs. And the big business houses - be that national or multinational - should go by that format.

Immediately after the independence there were swift policy changes and a form of neo-socialistic economy was introduced nationalising the business infrastructure and business in the country. The economy was principally placed under sector corporations. Expansion of trades and commerce at private level began to flourish mainly from the eighties. It was natural that at the initial stages of development businesses were motivated by profit making. Lack of education and experiences also led to the dearth of social responsibility in the trade and industries sectors though some business personalities had set examples of benevolence in the past. Now time has come to work out a change in the state of affairs. Naturally the changes are to begin from the state. It should reset its policy matrix.

Almost half of the population of the country live under acute poverty line - with 25% below ultra poverty level - with less than one dollar a day income. These teeming millions are in dire necessity of help to come out of the vicious cycles. It is difficult on the part of the government alone to address to the situation. The business community should also come in a big way to render services to the distressed as part of their social responsibility. They should conduct philanthropic activities where it is felt necessary, especially at places of their operation. It cannot be an ideal social environment where business community is isolated from the majority of the population. CSR activities will not only help the needy, but also help remove alienation of the business community. This is expected to reduce social tension as well. Social commitment should therefore be incorporated into the overall strategy for business. Trade and commerce should be guided by a human relationship approach. However, CSR drive should not be a tax-evading tool in the hands of the people who value their perks and packages more than the national interest. It should be real in sprit and space of delivery. It should not be a publicity stand as well as a 'feel good' dressing-up for the poor.