Board – The Criteria: Comprising 3 or more Directors with at least one Independent Director and the composition is to be disclosed in the annual Board of Directors’ report The Responsibilities: Approve and disclose the CSR policy in the annual Directors’ report and on the company website Ensure implementation of CSR activities as per the policy Directors’ report to specify reasons in case the specified amount is not spent The CSR committee – is the process owner for developing a suitable strategy for the organisation. The responsibilities of the CSR committee in India include Formulating and recommending a CSR policy and amount of CSR expenditure Regular monitoring of the CSR initiatives Board to approve CSR policy; disclose its contents in the Board report; make it public on the company website and deploy the funds