Ans. There are three theories contributing to the CSR present scenario. These are discussed below:The Stakeholder Theory of CSR: It denotes that the stakeholder’s forces impact on business must not be underestimated. It should be ethical and programmatic.The Business Ethics Theory of CSR: The business ethics theory is based on moral duties that a company has towards society. Changing and emerging social expectations, Intrinsic ethical values, and corporate citizenship. The business ethics theory focuses more on moral values rather than legal and economic responsibilities. If there is any legal obligation, CSR declines.The Shareholder Value Theory of CS: It denotes that the social responsibility of business is to generate profits following the legal terms.