Asian Paints raising salaries for its staffs have boosted not only the morale of the employees but also the morale of the people for believing in good corporates. At this time, when bad news was dominating about job loses, pay cuts, this news has perhaps taken Asian Paints to a new level of stakeholder management.
The company has donated crores for the Covid relief as part of their Corporate Social Responsibility and also started making sanitizers to meet the demand by the masses. With the right mind set of corporate responsibility and managing stakeholders, the top management is suggesting that shareholders remain their top priority.
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