Conch Corporation, a global oil and gas company, has plans to build a subsidized postsecondary vocational school in the town of Cristen, where one of its offices is situated. The plan was put to vote and approved despite some objections from shareholders. The school is being built in collaboration with the local government. The objective is to help the youth of the neighborhood, especially school dropouts, learn vocational skills. What social responsibility theory describes Conch Corporation's initiative to build the school?

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Conch Corporation's initiative aligns with the corporate citizenship theory, which suggests that businesses have a social responsibility to contribute to the betterment of society beyond their financial interests. By building a vocational school to aid the local youth in acquiring vocational skills, the corporation is fulfilling its duty as a good corporate citizen. This initiative is not solely focused on maximizing profits or meeting the moral minimum, but on expanding the company's social responsibility towards the community from which it operates. The interests of stakeholders are also being considered, but the primary motive is to contribute positively to society.

Conch Corporation, a Global Oil and Gas Company, Has Plans