The conflict between CSR and ethics

Consider the potential conflict between corporate social responsibility and ethics while maximizing share holder wealth.  How does exercising Christian principles play a part in running a successful business while operating within state and federal regulations?

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Sources

Lindgreen, A., & Swaen, V. (2010). Corporate social responsibility. International journal of management reviews12(1), 1-7.

Windsor, D. (2001). The future of corporate social responsibility. The international journal of organizational analysis.

Baxi, C. V., & Ray, R. S. (2012). Corporate social responsibility. Vikas Publishing House.

Matten, D., & Moon, J. (2004). Corporate social responsibilityJournal of business Ethics54(4), 323-337.

Hohnen, P., & Potts, J. (2007). Corporate social responsibilityAn implementation guide for business.

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‘”CSR can thus create a conflict between different shareholders. In this conflict, insiders personally benefit from the fact that they are associated with firms that have a high CSR rating. The conflict is mitigated if insiders hold a large fraction of the firm. Similarly, debt serves as a conflict-mitigating mechanism.”