The document discusses the role of CLR (Common Language Runtime) in .NET framework. It explains that CLR converts programs to native code, handles exceptions, provides type safety, memory management, security, improved performance and is language and platform independent. It also discusses garbage collection and language features supported by CLR. The main components of CLR are CTS (Common Type System), JIT (Just-In-Time) compiler and CLS (Common Language Specification). CTS defines value and reference types while JIT compiles CIL to machine code. CLS provides language interoperability.