Explain the measures for enforcing social responsibility.

Solution

Measures for enforcing social responsibility.

Legislative Measures : As per Companies Act’s—

(a) Big companies may be required to specify social responsibilities in the Memorandum of Association.

(b) The trusteeship concept may be incorporated in the act so that workers, customers and the community may get a voice in the administration of big business.

Voluntary Measures : Social responsibility can best be assumed in a free and competitive environment. Social checks and balances like shareholders associations, consumers advisory councils, public opinion groups etc. can help to create social consciousness on the part of business enterprise.

Some More Questions From Social Responsibilities of Business and Business Ethics Chapter

For Daily Free Study Material Join wiredfaculty

Social Responsibilities Of Business And Business Ethics

Explain the measures for enforcing social responsibility.

Some More Questions From Social Responsibilities of Business and Business Ethics Chapter

Account the reasons for growing concern for social responsibility.

What is Code ?

Define environment ?

Define business ethics.

What is Pollution ?

Why pollution exists ?

What are the approaches to pollution control ?

Explain the measures for enforcing social responsibility.

What is the need that forces businessmen to follow the concept of social responsibility ?

Explain the role of business in environmental protection.

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation

Phone Number

Email Address

Location