Corporate Social Responsibility And Business Ethics

8391 WordsAug 8, 201534 Pages
CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS ETHICS Final Project Report for Legal Aspects of Management Submitted To Prof. Dr. D.S. Sengar Professor, IIM Lucknow Submitted By Group 9 Abhinav Bansal, PGP31186 Chheda Adarsh Jayesh, PGP31199 Manideep Akarapu, PGP31213 Ritika Srivastava, PGP31226 Surbhi Aggarwal, PGP31239 Table of Contents Executive Summary 3 Acknowledgement 4 Business Ethics 5 Corporate Social Responsibilty 7 CSR Law 7 Crisis Management & CSR 10 CSR Case Studies 12 CSR in developing nations 18 References 24 Citations 25 EXECUTIVE SUMMARY The paper addresses the concept of business ethics and law of Corporate Social Responsibility. The study of behaviour of the organisations should include how responsible it is towards the community and its employees, customers and investors. The terms business ethics and corporate social responsibility are often used interchangeably but they are quite different in practice. Business ethics in essence, tells about the moral principles followed by the members of an organisation. It is wide and every individual is expected to adopt these principles because he/she is part of the organisation. Business ethics are often called best practices followed by an organisation. These practices are designed by the business and underpins the every decision taken by the organisation. For example, companies should not engage in bribery, should not unlawfully use
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