PART IV: Business and Society
Part IV deals with business and society. It discusses in detail the constitutents of business, the characteristic features of modern businesses, the stakeholder model of business and the socio-economic objectives of business. The inter-relationship between business and society and the interaction between the two is also examined in this part. This part examines why business has a negative image and suggests what businesses should do to ensure that the society accepts them without any reservations. In this context, this part discusses business, its various stakeholders including labour and the government; consumer's rights, problems and protection; investors' rights, privileges, problems and protection; environmental issues, problems and protection. The part concludes with a discussion on the ethical trilogy of corporate governance in India, corporate social responsibility and business ethics in the Indian context.