Why is it important for organisations to be ethical and socially responsible?

Being Ethical and Socially Responsible are extremely important for organizations. An organization that is known to be ethical and display solid socially responsibility to the society in which the company is working.

Being Ethical means - doing the right thing and not doing anything illegal. Like not paying any bribe to government officials to get any permit or approval.

Being socially responsible means - giving back to the society where we are operating. Like giving donations to charitable organizations around us.