The act of a corporate to five gifts/ charitable contributions to communities, universities, etc. that do not necessarily provide any economic benefit but helps in generating goodwill among employees, customers and the local community.

Related MCQs

• A commitment to improve community well –being through discretionary business practices and contributions of corporate resources is called Corporate Social Responsibility. This definition is given by
• Good corporate governance helps to minimize:
• The three elements of „triple bottom line‟ (TBL) coined by Elkington are i. Economic sustainability ii. Social sustainability iii. Corporate sustainability iv. Environment sustainability
• Giving back to host communities is under the notions of
• Corporate Social Responsibility has been regulated by of the Companies Act, 2013
• Which of the following is not one the underlying principles of the corporate governance Combined Code of Practice?
• Which of the following is not pillars of corporate Governance
• Which of the following is not a model of corporate governance?
• In which of the following countries German Model of corporate governance is not prevalent
• Which of the following is not related to corporate governance reforms in India?