Corporate Social Responsibility and its Implementation in Business Law and Ethics

This report covers the meaning and implementation of Corporate Social Responsibility (CSR) in Business Law and Ethics. It analyzes how CSR goes beyond philanthropy and compliance, and its impact on public relations. It also discusses CSR re-branding and its effect on society.

Business Law and
Ethics
(part 2)

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Meaning of CSR..........................................................................................................................3
CSR Practises..............................................................................................................................3
Analyse that corporate social responsibility go beyond philanthropy etc. and in case if it
moves then how does the modern corporation go beyond philanthropy and compliance..........4
Is corporations managing public relations or is it actually making a difference.........................5
CSR re-branding with public relation and its effect....................................................................6
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business law is an regulations of rules and the principles through which all the elements
relating to the conducts of the corporate practises and their general compliance as for managing
the business functions are managed. Commercial laws implicates the smoother functions of all
the organisation through which the effective management of corporate and the guiding rules are
carried out. Their main aim is the formation of effective works and also the running of entity in a
systematic manner. Their are some important laws which carried out all the conventions,
agreements for all the international and the national laws. In all the countries their is seen that it
is important to mandate the laws and the principles and through which the practise of the ethics
and the morals are also variably much more important( Han, and et. al., 2020). This report will
cover the meaning and the implementation of corporate social responsibility CSR and also the
ways through which the profit making and the general relationship of CRS and corporate
governance is been needed.
MAIN BODY
Meaning of CSR
Corporate social responsibilities is mainly the self regulations which are imposed by all
the private business practises in order to manage and mandate the goals in the society and also to
frame the activities and other nature of charitable working. This is the engagement of the
companies in any of the positive working through which they can impliedly attain the nature and
the growth. As in all the operational activities there is analysed all the major interaction which
are applied and made with the stake holders and this helps in managing the balance in all the
environmental, social and the economical background(Rjiba, Jahmane, and Abid, 2020). Their
main aim is to resolve all the issues in relation to the stake holders and their differences between
all the strategic management in business and along with it the corporate social responsibilities.
They apply the strategic culture and the management with the major concept of philanthropy
with sponsorship. They focus on enhancing all such business effective practises through which
all the goodwill can be gained and this provide the ethical and the moral benefits through which
the management of all function of the organisation can be enforced.

CSR Practises
Some of the major practises of the corporate social responsibilities are like: Volunteering- This is mainly the practise in which all the locals and the youth use top0
actively participate in order to manage and maintain the good deeds and practises which
are being made and done in order to enhance the betterment of the society and also to
analyse and grow the social concern. Philanthropy- This involves all the business practises through which the organisation can
merely focus on donating some of the portion of their profit earning for the benefit of the
society or for individuals. It involves all the donation in relation to money and adequate
services and the general products. All such are mainly done by the large companies who
are having the maximum turnover they focus on attaining the goodwill ans also to make
the corporation to be desired and working for the betterment of the society (Chen, Dong,
and Lin, 2020). Environmental efforts- It is the important part in the company through which all the
concerns in relation to the environment are being analysed. This helps in the protection of
the biodiversity and the suitability. And the companies put efforts in an enormous manner
to manage it.
 Ethical practises- Through this type of concerns their is been made that all the companies
should eventually manage to focus on all the mortal and the positive conducts and along
with there is needed to mandate and manage the balance in between the general scenarios
and the vary ethical and the fair treatments(Orazalin, 2020).
Analyse that corporate social responsibility go beyond philanthropy etc. and in case if it moves
then how does the modern corporation go beyond philanthropy and compliance.
Philanthropic is concerned with all the donations and the charity which are being made
by the company so as to provide some sort to help to all the sections who are in need. Some of
the organisation use to donate to non profit organisation and also top charities. Their main aim is
to promote social cause and also to manage the public to gain more helps through all such
methods. CSR attains a major help in all the business practises.
In order to manage and implement the CSR in the companies and in the globe there is
channelised that in documentary by the Harvard Kennedy School M-RCBG programs their
were taken so many different kind of initiatives through which all the management and the

accountability is governed. It focus on applying all the corporate accountability with general
policies through which all the alignment of the work can be attained. It promotes all the
fundamental issues and also the major elements which needs top be managed in business. As
according to it this documentary leads to make the certain policies through which the nature and
their mere course of management is required. Some of the main policies applied in it are like the
financial policies, educational, growth programs and other major areas through which initiatives
are analysed. They manage the society and their corporations and also attain the suitability. Their
main focus is to make all such programs through which all the workplace should apply the
corporate social responsibilities and may lead to manage the initiatives through which all the
social concerns are carried out. Though CSR all the private and the public nature and working
can be reframed(Goto, and Sueyoshi, 2020).
In the documentary of Joel Bakan their were served some of the important topics and the
questions which are like for the enduring viability and their business practises through which the
production can be attained and the maintenance of general concepts in the organisation can be
applied. This frame the corporate structure in order to maintain the public goods and also create a
proper effective areas of working. Joel Bakan as being the professor of the British Columbia
provided an interpretation regarding all the institution and the practises in the company and their
mere areas it focus on managing and conducting the nature of ethical and the moral frameworks.
He made the CSR to be on the promotional and the important areas through which a favourable
conditions can be applied in the companies.
Thus, all the organisation focus on managing the growth and the development by
outlining the concepts of CSR and also by applying all the integrated management. This involves
that zero wastages should be made to landfill and they make friendly policy to mandate the
charity work.
Is corporations managing public relations or is it actually making a difference.
Joel Bakan applied that firstly all the externalise areas for the true cost are being made so
as to mandate the CSR. Other then this the government free companies use to regulate the
effective practise by their own method to maintain the public relations. The corporate
governance manages all the intrudes in which the governing factors and the suitability can be
attained. For instance Bill gates run a charity foundation as for margining help for poor. Their by

the donation for the education , health, labours issues manage the PR relations. CSR re-branding
is purely a Public relations exercise, then what are they doing badly still.
CSR re-branding with public relation and its effect
The rebranding implement all the public relation in which the regulatory system is
applied and it manages the environmental, consumer, trade union and other issues. All the CSR
considers to have the corporate crumbs in which they maintain the deregulation(Ye, and et. al.,
2020). Government as not having the major power in context to the commons and this thereby
affects the global warming. So the countries should mandate and manage all the essential areas
through which the removal of the global warming can be made and the general protection of all
the environment. CSR requires to manage all the promotion and the positivity in the companies
so as to remove the unethical practises and there is mandated to manage the laws and their
applied principles.
CONCLUSION
From this above report it is concluded that, CSR is an important method which helps in
concerning for all the major issues like the social or the environmental. This is an important
method which promotes the integration of the operational activities by the stakeholders and the
areas through which all the social and the general environmental areas are addressed. The main
focus of CSR is to make the philanthropic and to enhance the policies which are like for the
finance, eduction, growth, social and many more. For all the rebranding reactions there is needed
to be made for the public relation and it aims to focus for the welfare of the social cause and the
weaker section of the society.

REFERENCES
Books and Journals
Ye, N.,and et. al., 2020. A bibliometric analysis of corporate social responsibility in sustainable
development. Journal of Cleaner Production, 272, p.122679.
Goto, M. and Sueyoshi, T., 2020. Sustainable development and corporate social responsibility in
Japanese manufacturing companies. Sustainable Development, 28(4), pp.844-856.
Chen, T., Dong, H. and Lin, C., 2020. Institutional shareholders and corporate social
responsibility. Journal of Financial Economics, 135(2), pp.483-504.
Rjiba, H., Jahmane, A. and Abid, I., 2020. Corporate social responsibility and firm value:
Guiding through economic policy uncertainty. Finance Research Letters, 35, p.101553.
Han, H., and et. al., 2020. Effect of environmental corporate social responsibility on green
attitude and norm activation process for sustainable consumption: Airline versus
restaurant. Corporate Social Responsibility and Environmental Management, 27(4),
pp.1851-1864.
Orazalin, N., 2020. Do board sustainability committees contribute to corporate environmental
and social performance? The mediating role of corporate social responsibility strategy.
Business Strategy and the Environment, 29(1), pp.140-153.