Social and Ethical Responsibility of Business

Any company is responsible to society and the state in which it operates. First of all, the very process of establishing a company, regardless of its comfort degree, is a legal act, in most cases certified by the state. Thus it also becomes the most important stakeholder for the company, which is considered by the state at least as a taxpayer and creator of new jobs. The state can create special conditions for firms’ formation and functioning (all kinds of preferences) if it is required to implement any state programs, for example, the program of infrastructure development, technology development, etc.