-ethics-csr - EthicsandCorporate EthicsandCorporate...

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Ethics and Corporate  Ethics and Corporate  Social Responsibility Social Responsibility
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What is Ethics Ethics is a set of values and rules which define the  right and wrong conduct .
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Forces That Shape Ethical Conduct 6.2 Societal Norms and Culture Laws and Regulations Organizational Practices and Culture Individual Perspective Ethical Conduct: Individuals Organizations Ethical Conduct: Individuals Organizations
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Growth of CSR over the Past Andrew Carnegie (US Steel Corp.): ‘Gospel of  Wealth’(1899) gave the term CSR Charity Principle:  Stewardship Principle
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Growth of CSR contd. . Charity Principle : The more fortunate members of the society to  elderly). Initially charity was an individual’s obligation (therefore the amount  contribute. Stewardship Principle: wealthy people to view themselves as caretakers or stewards of their  property. The rich hold their money ‘in trust’ for the rest of the society  and can be used for any purpose the society deems fit. By 1950s-60s  both the principles were widely accepted, belief in  power begets responsibility.
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CSR Indian E.g. Indian Oil Indian Oil:  a non profit trust - the Indian  Oil  Foundation  - with a mandate to protect, preserve and promote the  world heritage sites. These sites are listed in the World  Heritage Sites under UNESCO  The Indian Oil Scholarship Scheme is spreading the light  of education in the lives of hundreds of students of  economically and socially challenged sections of society.  Providing drinking water medical care and helping the  earth quake victims and preserving the ecological balance  in A&N islands.
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Infosys Infosys believes that investing in CSR has moved from being a public 
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-ethics-csr - EthicsandCorporate EthicsandCorporate...

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