Ethical decision making and community investment
Article Abstract:
Corporations mature, just as people do, when they choose to act the right way for the right reasons and this argument can be used for corporations participating in their communities for ethical reasons above those of prudence. The stakeholder theory of corporate governance holds that shareholders are not the only constituency corporations are accountable to and laws mandating that corporate directors consider all constituencies in their decisionmaking have been passed in some states but have yet to be tested in the courts.
Publication Name: Business and Society Review
Subject: Law
ISSN: 0045-3609
Year: 1996
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The wide world of corporate philanthropy
Article Abstract:
Companies that give generously to charities and worthy causes are acting as good citizens with important obligations, despite the arguments to the contrary of market-oriented economist Milton Friedman and others. Some simply consider the business as a social enterprise bound up in the community, while others pursue a form of enlightened self-interest that recognizes how social goods ultimately help the company. Some, however, at least appear to be trying to merely buy influence.
Publication Name: Business and Society Review
Subject: Law
ISSN: 0045-3609
Year: 1995
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