The concept of corporate social responsibility in promoting ethical business practices is examined from "summary" of Industrial Relations and Labour Laws, 6th Edition by S.C. Srivastava
Corporate social responsibility plays a critical role in driving ethical business practices within organizations. This concept emphasizes the importance of businesses not only focusing on profit-making activities but also taking responsibility for their impact on society and the environment. By integrating social and environmental concerns into their operations, companies can contribute positively to the well-being of society while also building trust with their stakeholders. In the context of industrial relations and labour laws, corporate social responsibility becomes particularly relevant. Organizations that prioritize ethical business practices are more likely to adhere to labour laws and regulations, treat their employees fairly, and create a positive work environment. This, in turn, can lead to higher employee morale, productiv...
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