
Ethics in business decisions has been implied and accepted in all areas of business operations. Social responsibility of corporates had been considered as the ethical domain of business. Over the years the corporates have been responsible for unethical activities like financial and business scams, adulteration of food stuff, climate change, pollution, deforestation and ecological imbalance, etc. These alarming instances of unethical acts by corporates have led to the need for regulation and legislation. This paper focuses on CSR being one dimension of ethical code for corporates to follow and how their failure to comply with this ethical discharge of social responsibility lead to regulation and legislation.