Evaluation of legal status of corporate social responsibility in Pakistan and its implication: comparative analysis with international legal best practices.

Abstract

Since its inception from economic to legal principle, the CSR is one of important notion of Corporate legal regime. This principle is adopted at international, regional and national level. This thesis offer a detailed examination of how the CSR is adoptioning and funtioning in the corporate sector, talking the historical development, its application and adoption in business sector. This research work provides the CSR implementation in Paksitan after comparative analysis with other legal regimes. The legal regimes have best legal practices in implementation of CSR, because it comprised the developed and developing practices, which can be helpful to betterly derieved appropriate legal measure for Pakistan. The dissertation expose off that the existing corporate legal regime regarding CSR, which is limited in implementation in Pakistan. The dissertation identifies first the definition, history and parameter in the legal perspective, which was adopted in various legal practices and corporations stragegies. 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 MNC’s and implementation of CSR in Pakistan’s perspective. The concept is special in the sense that besides being a means to check to unruly the MNC’s and other public bodies, which put impacts on corporate culture while the CSR is the effective norm of law to protect the individuals of state throuhg their CSR practices . It provides a platform to the state and society to implement such policies related to CSR for the better reputation of corporations’ contribution.