Corporate social responsibility

Akbar Abdul Ali, State Bank of Pakistan

Abstract

This paper addresses fundamental questions of corporate governance that, why corporations need to accept responsibility for the social problems that plague our nation? Discussion of corporate actions (i.e., mass layoffs, high CEO payoffs, discrimination in the work force) and how they are ultimately responsible for many of our social disorder (i.e., crime, suicide, alcoholism, domestic violence etc.). Article examines the corporate ethics and international business and how corporate law inhibits corporate social responsibility. I also discuss the philanthropic role of corporations to examine different perceptions of corporate ethics and its social responsibility which is generally lacking in Pakistan.