Manag., July-2016-Q48
0. Gandhian concept of social responsibility is denoted by which one of the following?
- Option : B
- Explanation : The Concept of Trusteeship: Mahatma Gandhi’s philosophy of trusteeship is also helpful in making social responsibility operational. The managers of a company control capital which they do not fully own. Therefore, they become trustees of this capital. The owners of capital also hold it in trust for the society. Therefore, management becomes the trustee not only of shareholders but of the entire society. Gandhiji’s theory of trusteeship suggests that all property should be held in trust for the society no matter who possesses it or what its nature or quantity is. If managers accept this theory they will act in the interest of not only the shareholders but of all other groups in society.
