ABSTRACT

There has been a tremendous interest in fostering individual morality across sectors, tightening legal accountability, and promoting corporate social responsibility as a consequence of environmental scandals. Broad behavioral expectations that exceed bare minimums and are strongly encouraged are expressed as professional and organizational norms, which may have sanctions if flagrantly violated. Groups and individuals in society often have specific ethical expectations within the general context that will emphasize certain values more than others. Corporate social responsibility meets basic economic needs through diligence and innovation, exceeding legal requirement by fulfilling the spirit of the law, while simultaneously finds ways to enhance the community and planet with mutually beneficial actions, and when possible, provides outright acts of charity. There are many laws that cover corporate responsibilities. The major ones covering securities are, Securities act of 1933, Securities Exchange act of 1934, Trust Indenture act of 1939, Investment Company act of 1940, Investment Advisers act of 1940 and Sarbanes-Oxley act of 2002.