Chennai: The emphasis on the need for a debate on issues related to the purchase of farmland for industrial projects and infrastructure development, The Hindu Editor-in-Chief N. Ram said here on Friday that companies should consider negotiating table directly with the owners.

Although several justifications that could be used for state support, land acquisition through the exercise of their field eminently on the page of the industry, process, if a reckless manner, could become a recipe for anger, Mr. Ram tells the farewell address an international conference on the theme of Business Ethics, Corporate Governance and Corporate Social Responsibility, organized by the Loyola Institute of Business Administration (Liba).

Referring to violent incidents and Nandigram Singur recently to protest against the purchase of land, Mr. Ram said the crisis in the agricultural sector, particularly its declining share in the national economy, and the reasons cited for government acquisition of land, provided that a paradox. In this context, and also in regard to the faulty system of compensation, the company examines the process of direct negotiations with landowners.

About compensation, Mr. Ram stressed the need for companies, the exercise of corporate social responsibility, because the payment, even if it is in the interest rate market, has never been to the satisfaction of owners.

Realizing that it was not enough on the issues of discussion, he said both government and business and industry organizations should be a clear political decision.

Regarding the scenario in the country’s media, said it took into account the fact that in the sector, good growth - other than in the developed world, readers and viewers were on the decline - its commitment vis-à-vis the company has many intense.

It was also the need for guidelines and a professional code for media.

Corporate Responsibility

President of the Tamil Nadu Federation of Indian Chambers of Commerce and Industry said Rafeeque Ahmed company could not exist without an integral part of society. Hence, the corporate social responsibility was important.

Liba director P. Christie and assistant professor (Business Ethics and CSR) at the Institute John Alexander spoke.