With reference to Corporate Social Responsibility (CSR) under the Companies Act, 2013 and the CSR Rules, consider the following statements:

1. Expenditure incurred by a company exclusively for the benefit of its own employees does not qualify as CSR expenditure.

2. Qualifying companies are required to spend at least 2% of their average net profit of the preceding three financial years on CSR activities.

Which of the statements given above is/are correct?