Corporate Social Responsibility and its Relation with Business Law and Ethics

This essay discusses the relation between Corporate Social Responsibility and Business Law and Ethics. It covers the concept of CSR, its issues, and significance. It also explains the relation between CSR and corporate behavior and their impact on an organization's growth. The essay concludes with a summary of Joel Bakan's documentary, The Corporation.

BUSINES LAW AND
ETHICS

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

INTRODUCTION
Business laws are those legislations that deals with process of establishing an business
organization in a country. These laws helps in developing framework that leads towards
accomplishment of goals and objectives. Further business laws also deals with commercial and
corporate activities thus known as corporate laws. Ethical laws are the laws that deals with basic
structure of an organization helping in developing order and discipline within it. These laws are
based upon ethical code of conduct. Both ethics and business law studied with various laws like
employment, contract and company law which helps organization attain sustainability within
market. In this essay corporate social responsibility is discussed in relation to statement, issues
regarding corporate social responsibility is explained. In the end significance need of CSR has
been discussed.
TASK
Corporate social responsibility
This is based upon management taking place within an organization that is done in
relation to social, environmental and economic concerns. These are able to enhance business
operations with various perspectives existing within society. Also these practices has been
forming balance through making an organization's goodwill developed within the market. CSR
makes an organization deal with issues taking place within society. CSR also makes an
organization develop relation with community and individual's living in society. Further it helps
in enhancing social value of an organization leading towards achieving sustainability within
organizations working. Issue concerning CSR: CSR leads upon dealing with various
responsibility which makes engagement of stakeholders, environment, gender, equality, human
rights, community relation, anti corruption etc(López Jiménez and et. al., 2021). These areas
leads upon developing framework within an organization leading towards forming approaches
helps in enhancing decision making leading towards positive change formed within ethical rules
and regulations of an organization. There are various perspectives that is covered within
corporate social responsibility which are Economic responsibilities: these are based upon
developing stability within economic condition of an organization. As per this profit and revenue
generation is focused upon. Also through this employment opportunities is generated within an
organization providing jobs to local and community people. This is contributes towards positive

approach making growth of an organization possible in right direction. Environmental
responsibilities: This is one of the most effective responsibility that is to be followed by an
organization in order to create awareness within individual's living within society. Such
responsibility develops environment safety through protecting environment by launching
programs promoting less usage of carbon footprints which reduces carbon emission. It is helpful
in making organization's goodwill developed in market. Further things like planting trees and
developing techniques to procure energy helps organization set example in front of society and
inspires persons work over energy reformation. Social responsibilities:These are those
responsibility that makes organization deal over social issues existing within society. It helps in
making individual's life improve by providing them money that makes expenditure
increased(Klaw and Mayer, 2021). Further two more important responsibility required to be
followed within an organization are Philanthropy responsibilities:This is majorly based over
social work that is done by an organization through contributing money for social cause to an
non profit organization. This makes organizations helps poor and needy people through such
helps organizations is able to create its reputation within an organization. Ethical
responsibilities: In this responsibility basic factors based over working is deal upon this helps in
making organizations internal working done in organized way. In this employees, shareholders,
supplier and customers are include with supply chain management. It helps organization in
maintaining fairness within business practices. Also the responsibility makes ethical code of
conduct followed with regulations. Relation between Corporate behaviour and CSR Corporate
behaviour these are those actions within which rules are farmed within an organization leads
towards developing ethical strategies helping in making organization develop ethical
responsibility helping in making organization's internal environment improved. As per ethics
makes organization solve issues helping in enhancing business environment(Haugh, 2021). Their
is management of all the sustainability and the protection of the functioning of shareholders and
stakeholders. It frames in management of all the work and the nature through which the
sustainable changes in the working can be made. CSR and corporate behaviour is related to each
other making social responsibility managed business activities helping in making moral values
within an organization established in right direction. This boost morality and develops trust
within employer and employees working in an organization. Both CSR and corporate behaviour
connected with each other helping reducing gap over society and organization. This makes

organizations over all development possible resulting in uplifting supply chain mechanism
within the organization. CSR and corporate behaviour makes organization morality with fairness
introduced in organizations work. Further organizations should make CSR and corporate
behaviour used in supply chain methods helps in in completing task within the time limit
specified for it. Through this culture of organization is improved by bringing more productivity
in employees working. Also managers of an organization develops ethical principle making an
organization's societal growth possible. Further employees behaviour should be enhanced which
makes positivity introduced within an organization. Business organizations CSR and corporate
behaviour helps in making organization establish itself within market. It contributes towards
economic growth by maintaining balance within society(Bedzow, 202). They are responsible for
making organizations internal working enhanced through social, economic and environmental.
Harvard Kennedy school M-RCBG Programs: According to this main focus is upon corporate
areas making general working with major concerns in relation over environment management.
As per this public, corporation and fundamental issues through which working is generated in
effective way. This makes major challenges with poverty reduced over evaluating legal rules and
methods making sustainability protected over educational policies helping in enhancing literate
percentage. It is concern over generating innovation through making society over gaining
benefits in relation to intellectual rights. Corporate social responsibility makes regulations
formed and also helps in promotion of welfare of people with the help of education programs,
financial programs and many more. Joel bakan from University of British Columbia provided
The corporation: In this 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(Aßländer and Kast, 2021). The concept presented in today's world
with wider and dramatic perspective that impacts social lives. Further the documentary us based
over modern concept of CSR that has helped organizations grow in right direction. This makes
goals and objectives of an organization enhanced in effective way. Thus documentary has
helped people understand about ethical standards existing within corporate social responsibility.
Also in this documentary impact of CSR upon economic, social and environmental aspects has
been covered.

CONCLUSION
From the above discussion it can be concluded that business law and ethics are those laws
which helps in making organization growth possible. Further these laws build proper framework
leading upon organization's upliftment possible. Through this essay corporate social
responsibility is discussed that is related to social, environment and economic responsibility
handled in more effective way. Then in CSR and corporate behaviour is explained which are
those behavioural patterns making code of conduct followed within an organization. In the end
Joel bakan from University of British Columbia provided The corporation in summarized
manner is discussed.

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.