Business Law: An Individual Report on Corporate Behaviour and CSR

This report delves into the significance of corporate behavior and corporate social responsibility (CSR) within the framework of business law. It highlights CSR as a management approach that integrates environmental and social concerns into business operations, fostering stakeholder engagement and balancing economic, social, and environmental factors. The report discusses issues concerning CSR, including environmental management, stakeholder engagement, and ethical practices. It also explores the relationship between corporate behavior and CSR, emphasizing their interconnectedness in promoting social responsibility and ethical standards. Furthermore, it references Joel Bakan's perspective on corporate responsibility and its impact on organizational growth and public welfare. The report concludes by underscoring the importance of CSR in fostering ethical and sustainable business practices and suggests that organizations should take stronger initiatives toward growth in education, financial areas, and public rights.

Individual Report

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

INTRODUCTION
Business law is a branch of legal rules and implications which helps out to provide the
corporate and civil rights and responsibilities. This mainly helps to perform important functions
for the working areas and also to maintain the proper culture and balance. In order to maintain
the business practices all the companies will have to work according to the laws that are being
laid out by hey civil laws like IPR, employment law, contract law and many more. It is important
for all the organization to maintain the ethical standards and moral conduct for the growth and
welfare. CSR is used by the company as it is a social responsibility which enhances the future
and growth of the society (Kim,2019). In this report there will be a discussion about corporate
behaviour and their important significance to the corporate personality
MAIN BODY
Corporate social responsibility
CSR is a well-known management which provides a concern regarding to the integration
and the environmental changes that affects the business and global areas. This is an interaction
which is being made between the stakeholders, it helps out to maintain the growth and
advancement and also creates a balance between the economical, social and environmental
nature and imperative areas. This also promotes a proper maintenance regarding two providing
all the corporate responsibilities that are being needed for the strategic oil management and also
the concept through which philanthropy and sponsorship can be maintained. CSR remove
poverty and also enhance the growth by reducing the crisis of economical areas as the focus on
strengthening the companies and also in providing the ethical areas and goals (Shah and Khan,
2019).
Issues concerning CSR
As CSR used to cover important areas like environmental management, eco-efficiency,
responsibilities related to all the sourcing, stakeholders engagement, improvising and
maintaining standards for laborers, developing relations for community and employees, social
equity, anticorruption measures, human rights etc. all these are being required to maintain a

proper competitive growth and advancement and also in increasing the capital values in market
and also in focusing to maximise the production and profitability. This mainly promotes the
growth, operational values, quality and their cost. It is mainly focused on customer loyalty as a
used to make such programmes and issues which helps out to balance the culture and also focus
on customers satisfaction with implementation of proper risk management the major practices
which are being used in corporate social responsibility are there under:
 Volunteering: This is the participation In local areas for various good deeds and
programs as this mainly focus on providing benefits to the people and individuals were
not being able to earn well. The companies who used to implement volunteering focus for
the betterment and growth in the society and not for their own concerns.
 Philanthropy: This is a business practice which is used by the companies as they Provide
huge amount of donation of products and money for the social cause, and also to the non-
profit organisations through which their main motive is to provide better services and
resources to the local communities and also to implement such strategies which will help
out the individuals to gain all the better services and programs. These efforts are being
carried out by huge organisations who used to carry out big business practises as for the
betterment and to the society and also to develop their image among customers and in
market (Samet and Jarboui, 2017).
 Environmental concerns: CSR use to provide protection to all the sustainable changes
and advancement in the environment by strategising different methods which will help
out to reduce the pollution and global warming and which will help out to focus maintain
14 products which will Be eco-friendly and environmental friendly. As this will provide
the customers to be more focused towards their services and also create a positive
approach towards environment.
 Ethical concerns and practises: These are generally such practices which are being made
by the companies in order to follow all the corporate strategies with the ethical and moral
code of conduct that were being applied in their companies. As the organisation used to
focus on providing fair and equal chance to all the employees being working and also to
follow all the law norms with the ethical application of standards (Chua and et. al.,2020)..
Relationship between corporate behaviour and CSR

Corporate behavior is a methodological approach and a concept which is being
implemented in all the companies and business practises as they helps out to create strong bond
and relation between the stakeholders and the corporate business. This is mainly an important
link between CSR and all the ethical practises and conducts. Corporate behaviour cover legal
rules, principles related to social responsibilities, code of conduct through which ethics and
morality can be maintained. This analyse out the ethical perspective which are being needed and
recognised by the organisation in their daily work in practice. Corporate behaviour and CSR
used to be linked with the social responsibilities and the morality that were being applied in the
organisation. As they helps out to manage all the changes in the corporation which were being
implemented sustainably and also in planning some new approach and ideas with the social
responsibilities in all their work in process.
Both CSR and corporate behaviour used to focus on same things as they are
interconnected with each other and provides social responsibility which encompasses the
activities raised in the business for all the economic, legal, ethical issues and practices. CSR help
out to carry out strong relation between the stakeholders and the corporate behaviour and also
provides a smooth functioning of business by implementing the ethical and legal standards.
Thus, In all the corporate behaviour the business used to be implemented by the stakeholders and
the shareholders helps out in the advancement and growth in better decision making and CSR
used to focus on generating the economy and also in growth of the country with the help of
ethical practices and standards (Duthler, and Dhanesh, 2018).
.
Harvard Kennedy school M-RCBG programs has focused on corporate responsibility
initiatives through which they try to outgrow the public role and also channeled the focus of
individuals on the corporate governance with accountability in organisation. They used to
provide public policies, corporation and all the social and governmental areas to maintain the
fundamental issues as an important element. The Trai to provide education policy programme,
financial sector programme, growth policy for the for the development of country And their
indifference. This helps out to enhance the growth and sustainable advancement with a new
digital and technological innovations and also regulate out the ethical practises in the innovations
with the help solve changing regulations. CSR helps out to generate The growth for the society

and also try to remove all the hurdles and challenges that used to come for the public and private
sectors. The focus on expansion of country globally and also in intellectual advancement and
ethical practices.
Corporation given by Joel bakan of University of British Columbia
Joel Bakan Has given enduring changes by raising important questions regarding die
concern for the corporations regarding organisational growth and development and also for
increasing the market be society with the corporate structures for public good. He focused on
providing the general welfare programmes for the enhancement and growth with ethical
practises.
The documentary given by him provides major interpretation regarding the development
in the legal entity and also about the chartered intuitions for the public functions and growth. The
major focus in his documentary was about the corporate social behaviour and its advantages with
the importance regarding to the working of people towards CSR and also for maintaining the
moral and ethical conduct in various organizations and day-to-day practice (Du, and Yu, 2020).
CONCLUSION
It is concluded from the above report that business law helps out to maintain the proper
enhancement and implementation of strategies for business functioning. Corporate social
responsibilities provide proper management of organisation with all the environmental and social
concerns. Corporate behaviour and CSR are interlinked as they both deals with social
responsibilities, ethical, legal and the economic welfare practises. Professor Joel Bakan has given
an implementation of CSR in all the development areas for the business. Furthermore it is also
analysed that organisation can take stronger initiatives towards the growth for the education,
financial areas and for the general public opinions and for their rights.

REFERENCES
Books and Journals
Chua, and et. al., 2020. Tourists’ outbound travel behavior in the aftermath of the COVID-19:
role of corporate social responsibility, response effort, and health prevention. Journal of
Sustainable Tourism, 29(6), pp.879-906.
Du, S. and Yu, K., 2020. Do corporate social responsibility reports convey value relevant
information? Evidence from report readability and tone. Journal of Business Ethics, pp.1-
22.
Duthler, G. and Dhanesh, G.S., 2018. The role of corporate social responsibility (CSR) and
internal CSR communication in predicting employee engagement: Perspectives from the
United Arab Emirates (UAE). Public relations review, 44(4), pp.453-462.
Kim, S., 2019. The process model of corporate social responsibility (CSR) communication: CSR
communication and its relationship with consumers’ CSR knowledge, trust, and corporate
reputation perception. Journal of business ethics, 154(4), pp.1143-1159.
Samet, M. and Jarboui, A., 2017. How does corporate social responsibility contribute to
investment efficiency?. Journal of multinational financial management, 40, pp.33-46.
Shah, S.S.A. and Khan, Z., 2019. Corporate social responsibility: a pathway to sustainable
competitive advantage?. International Journal of Bank Marketing.