Legal analysis of corporate social responsibilities in Pakistan in comparison with United Kingdom.

Abstract

The thesis discusses the legal analysis of Corporate Social Responsibility in Pakistan and its comparison with the UK. Pakistan is a developing country with less regulatory, organized and governance standards. Pakistan has some reforms in recent times in corporate sector but due to lack of weak infrastructure, governmental laws and absence of research in this area it puts some barriers in the way of CSR activities. This thesis firstly offers a detailed examination of CSR how it is practicing and funtioning in the corporate sector, than its historical development, application and adoption in business sector which is adopted in legal practices and corporate strategies. This research has been undertaken with the sole objective of introduction and implementing CSR in Pakistan. This is relatively a new concept in the ever-growing world of multi national companies and implementation of CSR in Pakistan’s perspective as the existing corporate legal regime regarding CSR, which is limited in implementation in Pakistan. Thesis highlights corporate social responsibility approaches to different national and multinational companies in Pakistan. As its inception from economic to legal principle CSR is one of important notion of corporate legal regime. It provides a platform to state and society to implement such policies related to CSR for the better reputation of corporations’ contribution. Secondly, research work pursues to identify corporate governance problems and concerns in Pakistan. The corporate sector in Pakistan is highly focusing in underdeveloped capital market and ineffective enforcement applications. The conflict between shareholders and management and shareholders inter se are major concerns of corporate governance in Pakistan. Thirdly, this research work provides the CSR implementation in Paksitan after comparative analysis with legal regimes of UK and deliberates the probability, stability and effectiveness of corporate governance in international norms in Pakistan. The legal regimes have best legal practices in implementation of CSR, because it comprised of developed and developing practices which can be helpful to derieved appropriate legal measures for Pakistan. The concept is special in the sense that besides being a means to check multi national companies and other public bodies which have impacts on corporate culture while the CSR is the effective norm of law to protect the individuals of state through their CSR practices