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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] Standard 12 Maharashtra State Board
पाठ 6 Social Responsibilities of Business
EXERCISE | Q 6. 5) | पृष्ठ १३१

व्हिडिओ ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्‍न

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


State with reasons whether the following statements are True or False

Business organisations do not have various types of 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 a word or phrase or a term which can substitute  the following.
The newest management strategy about social obligations of business.


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


Choose the correct option for the following:
Business people have the skills to solve


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


Build up argument for and against social responsibilities.


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


Discuss the guidelines enumerated by the Companies Act 2013 for Corporate Social Responsibility.


Give one word/phrase/term for the following sentence.

Name the philosophy related to social responsibility propounded by Mahatma Gandhi.


Answer in one sentence.

What type of advertising should be avoided?


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?

Select the correct option.

(responsibilities towards shareholders, responsibilities towards consumers, responsibilities towards government, responsibilities towards society, responsibilities towards owners)

Group A  Group B
A. After Sales Service _______________
B. ______________ timely payment of taxes
C. protest anti-social activities _______________
D. fair practices on stock exchange _______________
E. _____________ Reasonable profit

Choose the Correct Answer.

Social Responsibility towards employees represents the following except ______


What do you mean by Social Responsibility?


Who are called Stakeholders?


Enumerate the points relating to why business units are Socially Responsible?


Give one word or phrase for the following sentence:

Who propounded the concept of trusteeship?


Legal responsibility is broader than the social responsibility of business.


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