Corporate Social Responsibility and Corporate Behaviour in Business Law and Ethics

This essay discusses the concept of corporate social responsibility and corporate behaviour in the context of business law and ethics. It covers key areas of CSR, practices of CSR, and the interconnection between CSR and corporate behaviour.

BLE Business Law and
Ethics

Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business legislations can be referred to as the body of rules and regulations which offer
various corporate and civil laws so that there can smooth running of the businesses. It mainly
implicates the corporate performance by emphasizing on the working procedures as it dictates
the formation and running of the business. the commercial law may be in the form of agreement,
convention, international or national law governs dealings between the persons in the
commercial matters. It falls under two areas which are distinctive which includes firstly the
regulation of the commercial entities by laws of partnership, company, bankruptcy and secondly,
regulations of the commercial transactions by law of contracts and its related fields (Adnan, Hay
and van Staden, 2018). This essay shall cover about the corporate social responsibility and draws
the commentary on relation between the corporate behaviour and the corporate responsibility in
context to CSR.
MAIN BODY
The corporate social responsibility is a concept which helps the companies to integrate the
social and environmental concerns in every business practice and the operations as it offers
adequate interaction with the stakeholders. It is known as the way by which the organization can
gain the advancement and also achieve the balance in its social, economic, imperative and
environmental areas and nature. It is implemented to maintain the proper addressing in context to
the stakeholders and shareholders as it brings distinction between CSR which may be
implemented in every strategic management of the businesses, charity and various concepts
which are related to philanthropy and sponsorship. CSR also contributes in the enhancement of
company’s goodwill by way of maintenance of the strength of business by making them focused
towards the ethical and moral goals (Cook and Glass, 2018).
There are different key areas to CSR which includes environmental management, eco-
efficiency, stakeholder engagement, working conditions, responsible areas in the sourcing,
maintaining the community and employee relations, standard of labourers, human rights, social
equity, gender and many others. These all helps in maintaining the proper implementation and
the competitive advancement by which the proper market is enhanced in the capitals and sales
and growth of business is enhanced by increasing the profits. It also maintains the proper
productivity in the operational areas and maintenance of the quality so that customer loyalty is

achieved by implementing the decisions programs and the proper risk management process
within the organization.
There are various practices of CSR which may be led by the businesses that includes firstly
Philanthropy which is a practice in the business wherein the organization can donate the money,
products, or services for the social cost and for the non-profit companies so that proper resources
are provided and the local community is benefited from it. These efforts are made by big
companies so that they can make a difference and helps the company to maintain their brand
image as well as help the business for doing betterment for the society. Second is environmental
efforts which involves that CSR focuses on environmental areas as it tries to protect environment
taking some important efforts and areas so that pollution is reduced and sustainable advancement
is maintained in the business practices. Third is volunteering which involves participating in
every local calls so that good deeds are done and something is done which can provide growth
and betterment to the society by focusing on the social cause. Fourth is ethical practices which
emphasizes on the fact that the business must maintain the proper code of conduct in the business
practice by which all the workforce of the organization is treated in a fair, equal and ethical
manner (Dhanesh, 2020).
Corporate behaviour is an essential concept which is applied in every business practice and
the organization so that strong relationship is maintained between corporation and its
stakeholders. It is linked to all the ethical practices and the corporate social responsibility and
this is used to cover the legal rules, ethical code of conduct and other important principles of the
social responsibility as it is based on important law, CSR and ethical concepts. It recognizes and
maintains the important ethical perspective which is required by businesses as it maintains the
stakeholders and shareholders and also analyses the important areas of economy. Both Corporate
social responsibility and corporate behaviour are social and ethical responsibilities which is
required in business practices as it helps in managing the sustainable changes in corporation with
adequate implementation of the planning. It also deals with the social responsibility which helps
in increasing the survival of company.
Both CSR as well as corporate behaviour are inter-connected as CSR is used to provide
the social responsibility which encompasses in business activities with every legal, ethical and
economic practices while corporate behaviour is used to deal with issues relating to the ethical
and legal issues (Wickert and Risi, 2019). This is meant as that the CSR is the society and the

expectation of all corporate behaviour and it also helps in maintaining the proper alleged relation
of the stakeholders with adequate morality and growth in business. all corporate behaviour
focuses on stakeholders so that it is maintained in its practices in better manner with the help of
the CSR. Hence, both are used in maintaining social ethical and legal practices in the society.
Therefore, it can be said that the corporate behaviour and the ethical practices in the
business simply implicates that stakeholders helps the business to contribute in the economy by
implementing the economic resources as well as decisions. CSR and corporate behaviour helps
in maintaining economy and focus on the improvement and growth of country by means of
ethical practice.
As per Harvard Kennedy School M-RCBG programs, there are various initiatives of the
corporate responsibilities which can enhance public roles and also focuses on corporate
accountability and governance in business practices. It offers public policies corporation and the
government in order to implement the fundamental issues so that key elements of corporation is
maintained. It focuses on various types of educational policy programs, financial sector programs
and growth policy by which the country is developed and it is maintained and analysed. These
are all made with sustainable development and advancement by which various technological
innovation as well as techniques with the regulations may be maintained (Lu and et. al., 2020). It
focuses mainly on maintenance of the CSR in every company and generation of many programs
by which the society is made a better place to live in. its motive is to analyse important areas of
concern in society also removes challenges also in private and public sectors. Its focus is to make
the work rain for global region and also it maintains intellectual source in business organization.
Joel Bakan have raised some important questions in respect to enduring areas of the
viability by which primary areas of corporation is maintained and different levels of production
is organized in context to corporate structure by which the public goods can be maintained and
effective production areas are maintained as well as organized. The documentary given by Joel
Bakan of the University of British Columbia interprets many areas of development for the
business and also legal entity which is needed for common chartered institutions so that public
functions are maintained. The topic majorly covered in the documentary includes about
corporate social behaviours and essential or important nature of the working of people with the
corporate social responsibility and lastly maintenance of the moral and ethical aspects of work
based behaviour (Yadlapalli, Rahman and Gunasekaran, 2020).

CONCLUSION
It is concluded from this essay that the business law plays an important role in the
functioning of business as it provides the pathway in which the business can operate and no
hardship is faced by it. Corporate social responsibility is a concept which is to be followed in
every organization so that they can fulfil their responsibilities towards the society and
environment. The concept of CSR as well as corporate behaviour are interconnected with one
another as it provides issues which is related to social responsibilities and the economic and legal
practices. Professor Joel Bakal have proposed and provided the development of the business
corporations by implementation of the corporate social responsibility. Moreover, it can be
summarised that there are various initiatives being taken by companies so that corporate
responsibilities can be maintained for the people by way of many programs such as finance,
educational as well as growth.

REFERENCES
Books and Journals
Adnan, S.M., Hay, D. and van Staden, C.J., 2018. The influence of culture and corporate
governance on corporate social responsibility disclosure: A cross country
analysis. Journal of Cleaner Production. 198. pp.820-832.
Cook, A. and Glass, C., 2018. Women on corporate boards: Do they advance corporate social
responsibility?. Human relations. 71(7). pp.897-924.
Dhanesh, G.S., 2020. Who cares about organizational purpose and corporate social
responsibility, and how can organizations adapt? A hypermodern perspective. Business
Horizons. 63(4). pp.585-594.
Lu, J., and et. al., 2020. Corporate social responsibility and employee behavior: Evidence from
mediation and moderation analysis. Corporate Social Responsibility and Environmental
Management. 27(4). pp.1719-1728.
Wickert, C. and Risi, D., 2019. Corporate social responsibility. Cambridge University Press.
Yadlapalli, A., Rahman, S. and Gunasekaran, A., 2020. Corporate social responsibility
definitions in supply chain research: An ontological analysis. Journal of Cleaner
Production. 277. p.123265.