Who among the following has given this definition of CSR: "Wealth created from society has to be ploughed back into society"?

Correct option is C

Mahatma Gandhi emphasized the concept of "trusteeship" in his approach to Corporate Social Responsibility (CSR), suggesting that:
· Wealth belongs to society, and businesses act as trustees of this wealth.
· Businesses should use profits for societal welfare, such as improving health, education, and livelihoods.
Explanation of Incorrect Options:
· Milton (a): Refers to Milton Friedman, who viewed CSR as maximizing shareholder value.
· Henry Ford (b): Advocated fair wages and benefits to employees but did not focus on societal wealth redistribution.
· Kay and Silberston (d): Known for their work on corporate governance but not CSR trusteeship.
Information Booster: CSR is mandated under Section 135 of the Companies Act, 2013 in India, requiring companies meeting specific thresholds to allocate 2% of their net profits to CSR activities.
Additional Knowledge: Examples of CSR activities include:
· Promoting education.
· Enhancing healthcare facilities.
Ensuring environmental sustainability.