Which statement best describes Corporate Social Responsibility as presented?

• A. The Company must maximize shareholder value above all else.
• B. CSR is solely about philanthropy.
• C. The Company must be sensitive to the needs and wants of all stakeholders including the business.
• D. CSR requires compliance with legal requirements only.

Answer: (C)

CSR means a company considers the interests of a broad group of stakeholders, not just shareholders. It involves being sensitive to the needs and wants of employees, customers, suppliers, communities, the environment, and the business itself as an internal stakeholder. This goes beyond charity or philanthropy and beyond merely following the law; it includes voluntary, ethical actions and sustainable practices embedded in strategy and operations. The idea is that sustainable success comes from balancing these interests and creating value over the longer term, not from maximizing profits for shareholders alone or from compliance as a box-ticking exercise. That broader, balanced view best describes CSR.