Final answer:
The expectations from society that go beyond legal requirements lead to ethical responsibilities within the pyramid of corporate social responsibility. These responsibilities are part of meeting societal norms and protecting stakeholders' moral rights.
Step-by-step explanation:
The expectations that society has toward business, in contrast to what society requires, result in ethical responsibilities. These are part of the pyramid of corporate social responsibility which includes other elements such as economic responsibilities, legal responsibilities, and philanthropic responsibilities. Ethical responsibilities refer to the standards, norms, or expectations that reflect a concern for what consumers, employees, shareholders, and the community regard as fair, just, or in keeping with the respect or protection of stakeholders' moral rights.
Corporations face challenges in establishing ethical practices, especially when dealing with emerging technologies. Ethical considerations involve complex questions about to whom corporations are morally responsible and how to balance concrete codes with broader moral theories and political debates. The pursuit of ethical responsibilities is indicative of a company’s commitment to not only follow the law but to conduct its operations in a manner that is right and just beyond legal requirements.