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What is corporate social responsibility?

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प्रश्न

What is corporate social responsibility?

दीर्घउत्तर
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उत्तर

Corporate Social Responsibility (CSR) is a self-regulating business model, aims to contribute to societal goals or support volunteering or ethically-oriented practices. It makes a company socially responsible and accountable. This accountability is towards itself, its stakeholders, the public in general, etc. By practicing social responsibility, companies can be conscious of the economic, social, and environmental aspects of society.

Applicability of CSR:

  1. The companies having a Net worth of 1500 Cr. or more or Turnover of 1000 Cr. or more; or Net
    Profit of 15 Cr. or more during any financial year shall be required to constitute a Corporate
    Social Responsibility Committee of the Board with effect from 1st April 2014.
  2. The Board's report shall disclose the compositions of the CSR Committee.
  3. All companies shall spend, in every financial year, at least 2% of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its
    Corporate Social Responsibility Policy.
  4. The companies shall be required to incorporate in its Board's report, an annual report on CSR.
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अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३१]

APPEARS IN

बालभारती Organisation of Commerce and Management (OCM) [English] Standard 12 Maharashtra State Board
अध्याय 6 Social Responsibilities of Business
Exercise | Q 6. 5) | पृष्ठ १३१

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Government has established _______ to settle consumers’ disputes by compromise.


Write a word or phrase or a term which can substitute the following.

Indian philosopher who had promoted concept of social responsibility in ancient times.


Distinguish between the following.
Traditional social responsibility and corporate social responsibility.


Write short note on the following.
Corporate social responsibility.


What do you understand by social responsibility of business? How is it different from legal responsibility?


What are the major areas of social responsibility of business?


Discuss the forces which are responsible for increasing concern of business enterprises towards social responsibility.


Match the pairs.

Group ‘A’ Group ‘B’
A) Employees 1) Good quality product
B) Responsibility to Investors 2) To maintain solvency and prestige
C) Responsibility towards government 3) To serve society
D) Economic Objective 4) Voluntary
E) Business ethics  5) Job security
    6) Compulsory
    7) Respecting rules and regulations
    8) To earn profit
   

9)

Branch of Social Science

    10) Protection and environment

The media does not play important role in public life.


Answer in one sentence.

What type of advertising should be avoided?


Correct the underlined word and rewrite the sentence.

 Moral values provide general guidelines for social conduct.


Explain the following term/concept.

Social responsibility


Justify the following statement.

The role of media has a major influence on business organizations.


Choose the Correct Answer.

The Stakeholders of Socially Responsible business units are except ______


Choose the Correct Answer.

Assuming Social Responsibility of business helps the enterprise in ______


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


Explain in detail the concept and need for Social Responsibility?


Discuss the different groups that benefited from the Social Responsibility of business?


Give one word or phrase for the following sentence:

Who propounded the concept of trusteeship?


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