Abstract
Business is expected to create wealth and employment, while society is expected to provide a conducive environment for the business to flourish. The value and ethical standards that a company adopts are the long-term assets of the organization.
There are a number of tasks that a business has to fulfill to the society. These include the financial task, political task, environment task, adaptive task, economic task, and social tasks.
Good corporate governance is about ‘intellectual honesty’ and not just sticking to rules and regulations, capital flowed towards companies that practiced this type of good governance. – Mervyn King
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Gupta, A.D. (2014). The Role of Business in Society: Corporate Governance, Social Responsibility, and Social Impact Management. In: Business Ethics. India Studies in Business and Economics. Springer, New Delhi. https://doi.org/10.1007/978-81-322-1518-9_7
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DOI: https://doi.org/10.1007/978-81-322-1518-9_7
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