Framing Business Ethics

A corporation is essentially defined in terms of legal status and the ownership of assets. Corporations are typically regarded as ‘artificial persons’ in the eyes of the law. Corporations are notionally ‘owned’ by shareholders, but exist independently of the. Managers and directors have a ‘fiduciary’ responsibility to protect the investment of shareholders.
Corporate social responsibility includes the economic, legal, ethical, and philanthropic expectations placed on organizations by society at a given point in time.