This research paper reviews existing literature on ethical leadership and Corporate Social Responsibility (CSR) to ascertain the level of corporate social responsibility activities that will enhance the performance/profitability of organisation in Nigeria. It revealed that the success of an organisation depends on the extent to which the organisation is capable of managing its relationship with key groups, such as financial and stakeholders, but also customers, employees, and even communities or societies. Stakeholders must be considered in the decision making process of the organization.