Business Law and Ethics: Understanding Corporate Social Responsibility and its Link with Corporate Behaviour

This report discusses the importance of business law and ethics in managing legal work and applying ethical principles in business practices. It focuses on corporate social responsibility and its link with corporate behaviour, covering issues such as philanthropy, environment, and economics. The report also explores the impact of Professor Joel Bakan's documentary, The Corporation, on understanding CSR and improving ethical standards in corporate society.

BUSINESS LAW AND
ETHICS

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Corporate social responsibility....................................................................................................3
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business law are the laws that deals with formation of business organization in more
effective manner. As per these laws business organizations requires to be formed as per the
legislation formed within an country regarding it. Also business laws covers various aspects
regarding business operations. Ethics are those guidelines which is followed by an organization
in making in order to develop discipline and order within an organization. These ethics makes
internal working of business improved. Scope of these laws are wider as it covers factors
impacting growth of an organization. Nature is dynamic which helps these laws in dealing with
threats existing within an organization. This report is based upon corporate social responsibility
that is used for serving moral principles with upliftment of society by solving issues related to it.
Then in the end link between CSR and corporate behaviour is discussed with its significant
needs.
TASK
Corporate social responsibility
This means that kind of management within which an organization is able to comply with
those implementation that makes social, environmental and economic concerns that is required
within business operations. Further through these practices promotion is done maintaining
balance within the environment which makes organizations goodwill increased in affective way.
Further CSR makes an organization deal with issues that has been existing within society. CSR
helps in making strong hold developed with community and individual's living in society. It also
makes ethical perception developed over the moral conducts that is shown by an organization.
This makes organizations social value maintained within market through which companies
develop strong framework in relation to sustainability(Klaw and Mayer, 2021). Issue concerning
CSR: The major areas which is covered within CSR is related to engagement of stakeholders,
environmental management, gender, equality, human rights, community relations, anti corruption
etc. In order to generate profit and adoption of various conditions makes favourable areas being
made. This is considered in relation to important approach making decision programs developed
which deals upon making important approach deal with various kinds of decisions making
ethical changes with evaluation done. Issue concerning CSR: this is the main aspects that is
covered in CSR and are related to economic, social and environment responsibility hold by an

organization towards society. Corporate social responsibility is based upon economy in an
manner that it makes management of concepts which helps in making companies internal, social
and environmental concerns within the business operations with stakeholder developed in
effective manner. Through this balance is created in relation over economic activities that has
been taking place within an organization. It makes issue like unemployment solved in more
effective manner by making organization generate opportunities related to employment for local
persons living within society. This deals with social aspects existing in society CSR deals with
the factors that makes contribution done towards welfare of society which makes it better place
to live. As per this living standards of an individual is improved making individual spending
capacity increased. Organizations deals over solving issues based upon health and infrastructure
in more effective way through performing programs and seminars in relation to it. The comes
environmental factor within which issue of waste management and carbon foot prints is solve
through developing techniques of decomposing waste and generated fuel out of it. Further using
more of ozone-friendly machines and materials makes usage if carbon footprints reduced(López
Jiménez and et. al., 2021).
CSR responsibility regarding market place helps an organization attract to its customers
leading upon making revenue generated with profit. Through this supply chain method is also
improved within an organization which makes connections formed leading upon increasing in
both manufacturing and production process. Corporate Social responsibility lads upon doing
welfare programs making community aware about various kinds of legislations formed by
government over benefiting it. Relation between Corporate behaviour and CSR: Corporate
behaviour is the action which makes different reforms that has been made by the organization
helping benefiting over ethical strategies making organization develop over different ethics
which helps organization develop within working. This majorly contributes towards making
ethics related over business carried out in affective manner. Further through this businesss is
carried out in relation to Corporate social responsibility that is being made. As per this main
focus is upon economic stability within an organization. In this legal rules make essential within
organization makes performance to be evaluated in more affective way. These are based over
making and organization achieve economic, social and environmental goals in more affective
manner. Ethics helps in developing standards and regulation which makes management done in
more affective way. This leads over developing proper design through this social and

environmental programs is done in more organized way. Both CSR and Corporate behaviour
leads upon developing social responsibility within an organization by making ethical code of
conduct formed within it. In relation to Joel Bakan’s bestseller The Corporation: The
Pathological Pursuit of Profit and Power, this 26-award-winning documentary explores a
corporation’s inner workings. This is also related to Corporate Social Responsibility and
Corporate behaviour in a way that an organization with the help of these factors is able to
improved its working patterns which makes its growth done in more effective manner. Also
through this CSR responsibility is been full filled this makes organization get connected to
society easily leading its profit ration enhanced through various activities. Harvard Kennedy
school M-RCBG Programs: The Corporate Responsibility Initiative (CRI) at the Harvard
Kennedy's School Mossavar-Rahmani Center for Business and Government (M-RCBG) is based
upon multidisciplinary and multi stock holders with which programme and study is done in order
to enhance public that makes contribution done over private enterprises (Miller and Harding,
2021). Under this two main work is developed that is Governance & Accountability and
Business & International Development is been covered. As per this different aspects over
intersection of corporate responsibility with governance, public policy and international
development which is covered within it. Such theories like bridges theory and practice helps in
building of leadership skills and makes construction done over dialogue and collaboration done
in relation over business, government, civil society and academics aspects is covered. CRI has
engaged upon drawing expertise which makes initiatives work over making CSR organization
and government bodies. In this non-governmental organizations is provided with good practice
field. This initiative proves to be more impacted which makes CSR responsibility understood in
better manner.
Joel bakan from University of British Columbia provided The corporation: this based
upon Joel Bankan's bestseller The Corporation as per the pathological pursuit upon profit and
power. This has been awarded as the 26th award wining documentary that has majorly explored
inner relation of working within corporation having relatively insignificance within entity. The
concept presented in today's world with wider and dramatic perspective that impacts social lives.
This concept is been present in today's world over vivid, dramatic and pervasive presence in all
our lives. It has been covered in relation to Corporate Social Responsibility making different
goals and objective achieved by an organization. Through this modern CSR responsibility makes

analysis done in affective manner helping in making responsibility analysed that helps in
applicability more relevant in nature(Pagallo, 2021). The documenter makes various aspects in
relation upon economic, social and political aspect covered within an organization. This helps in
developing corporate culture enhanced in more impactful manner which makes welfare of sate
that makes promoted by an organization. Also documentary has creates impact over making
responsibility of an organization analysed in more affective way that helps in improving ethical
standards in relation corporate nature. The concept presented by an Jole Bakan's within his
documentary which made ethics and standards improved over corporate society. This made
nature and behaviour of an organization understood towards society. As per the documentary
things related to economic, social and environmental aspects is covered which makes influence f
politics upon them with psychological impact has been explained.
CONCLUSION
From this above report it can be analysed that, Business law helps in managing the legal
work through which all the nature and the compilation of the business practises can be
maintained. Corporate social responsibility is the management and applying of all the ethical and
moral conducts in the business practises. The major issues in it are like philanthropy,
environment, economic etc. CSR and corporate behaviour are inter connected as they both deals
with the ethical principles and the moral servitude and nature of working with code of conducts.
Professor Joel Bakan provided the corporation in which he implied the major issues related to
organisation and also about the following up of CSR in all such method through which financial,
educational and governmental policies can be generated.

REFERENCES
Books and Journals
Aßländer, M.S. and Kast, S., 2021. Does CSR Limit Our Understanding of Business Ethics?.
Progress in Ethical Practices of Businesses: A Focus on Behavioral Interactions, p.45.
Bedzow, I., 2021. Giving Voice to Values as a Way to Teach Virtue Ethics. In Giving Voice to
Values (pp. 7-20). Routledge.
Haugh, T., 2021. Leading a Healthier Company: Advancing a Public Health Model of Ethics and
Compliance. Available at SSRN 3843166
Klaw, B.W. and Mayer, D., 2021. Ethics, Markets, and the Legalization of Insider Trading.
Journal of Business Ethics, 168(1), pp.55-70.
López Jiménez, D and et. al., 2021. Self-regulation of sexist digital advertising: from ethics to
law. Journal of Business Ethics, 171(4), pp.709-718.
Miller, P.B. and Harding, M., 2021. Introduction to Fiduciaries and Trust: Ethics, Politics,
Economics and Law. Fiduciaries and Trust: Ethics, Politics, Economics and Law
(Cambridge University Press, 2020).
Pagallo, U., 2021. On the principle of privacy by design and its limits: Technology, ethics and
the rule of law. In Italian Philosophy of Technology (pp. 111-127). Springer, Cham.