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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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पाठ 6: Social Responsibilities of Business - Exercise [पृष्ठ १३१]

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

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

Commercial organisations have different types of social responsibilities.


Business organisations have no social responsibilities.


Write a word or phrase or a term which can substitute the following.
Duties, obligations of business directed towards welfare to society.


Write short note on the following.
Corporate social responsibility.


What are the major areas of social responsibility of business?


State the meaning of Corporate Social Responsibility as per the Companies Act 2013.


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


Businessmen are trustees of society.


Social responsibility is broader than the legal responsibility of business.


Select the correct option.

(Responsibilities towards shareholders, responsibilities towards consumers,
Responsibilities towards the government, Responsibilities towards society)

Group A Group B
1) After-sales service ____________
2) Timely payment of proper taxes ____________
3) ____________ Protest Anti Social Activities
4) _____________ Fair practices on the stock exchange

Correct the underlined word and rewrite the sentence.

Social values are based on perceptions of right or wrong.


Study the following case/situation and express your opinion.

Yashwant Co. Ltd. is providing facilities for their female staff like a day care centre for kids and work from home facility. Even management takes their suggestions while taking the decisions, though they are members of the trade union.
  1. By doing this they are following social responsibilities towards which interest groups?
  2. What values are they presenting?
  3. What kind of responsibilities employer follows in the above case?

Study the following case/situation and express your opinion.

A vehicle manufacturing company has adopted the following practices.

  1. Only those components will be used by the company which is environment friendly.
  2. There will be a discharge of harmful wastes only after their proper treatment.
  3. The pollution level of every vehicle will be maintained as per international standards.
  1. by doing this, the business organisation follows social responsibility towards which interest group?
  2. What kind of pollution do they want to avoid?
  3. What kind of message do they want to convey?

Justify the following statement.

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


Define the concept of social responsibility.


what is the need for social responsibility?


Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


Define the Concept of Social Responsibility?


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