The document discusses the history and evolution of corporate social responsibility (CSR). It traces CSR from Adam Smith's economic model in the 18th century to modern scandals in the late 1990s that increased criticism of business ethics. CSR emerged as companies sought to improve perceptions by engaging in ethical behavior and community support. Motivations for CSR include economic, ethical, and reputational factors. While better corporate governance makes firms more accountable to investors, CSR also considers employees, communities, and society. The document examines justification for CSR and relates CSR to environmental, global, and technology issues.