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Ethics, Corporate Social Responsibility and ESG
In Carroll's CSR pyramid, which layer forms the foundation on which all other corporate responsibilities are built?
Economic responsibility forms the foundation of Carroll's CSR pyramid, upon which legal, ethical, and discretionary responsibilities rest.
What is the minimum CSR spending required as a percentage of average net profit under Section 135 of the Companies Act, 2013?
At least 2% of average net profit of preceding three years.
According to Carroll's CSR pyramid, what is the topmost and most voluntary layer of corporate responsibility?
Philanthropic or discretionary responsibility is the topmost layer, representing voluntary contributions to society beyond what is legally or ethically required.
Under Section 135, which three thresholds determine if a company must constitute a CSR Committee?
Net worth ≥₹500 crore, turnover ≥₹1,000 crore, or net profit ≥₹5 crore.
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