Monday, December 10, 2012

Trusteeship As a Moral Foundation for Business



Trusteeship As a Moral
Foundation for  Business

C. GOPINATH

When corporate scandals  break out, a review of  corporate governance practices follows and fresh regulation is introduced. However, the public debate on  the standards of acceptable corporate behavior appears devoid of moral expectations. Our corporations should not only  be  legal  and economic beings but moral ones too.  Gandhi’s concept of “trusteeship” can serve as a philosophical foundation for businesses and provide requisite moral guidance.





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