Management has always been a part and parcel of everyday life, may it be at home or office. It has never been limited to the walls of organization rather it has been crucial in every part of the society. Management has come into action in all organizations, where a group of human beings assemble for a common purpose, through the management of resources, finance and planning, priorities, policies and practice. However, at times it has been seen that management has crossed limits and harmed various sections of the society by misleading and exploiting them. The paper focuses on the business ethics policies and standards to be followed by companies which help them to socially acknowledge the society through their participation. The paper has tried to create a connection between ethics and spirituality. It also provides a brief concept of corporate social responsibility to be practiced by all leading companies and organizations.