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Corporations are more aware of their role towards the society. They are responsible bodies that feel a sense of duty towards commonwealth and the environment. This has come with a growing realization that they, as an integral part of the society, can contribute towards the empowerment and upliftment of the society. Also consumers and citizens are increasingly playing an important role by their interaction with governments and businesses. This is the foundation thought behind the tripartite golden handshake between—businesses, civil society and governments.
Corporate Social Responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time"...
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