One of the guiding principles of any successful company is based on Corporate Ethics reflected in its Corporate Governance and Corporate Social Responsibility. The new paradigm of CSR shifted from Philanthropy to Stakeholder participation. CSR has been defined as operating a business in a manner which meets or excels the ethical, legal, commercial and public expectations that a society has from business Thus the concept and practice of CSR has seen a fundamental transformation from charity oriented /philanthropic approach to the stakeholder in the community whose well being is integral to the long term success of the company.