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Author: Maiden, Malcolm
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Tsunami: The Backlash
A troubling paradox about corporate philanthropy has surfaced. Is such largess even legal?
Author: Maiden, Malcolm
Product Type: Magazine / Newspaper Articles
Source: The Age (Melbourne, Australia)
Publication Year: 2005
A troubling paradox lies beneath the edifice of corporate philanthropy - and the allied concept of corporate social responsibility. It is that while there is nothing in most country's laws to define or control how corporations donate funds in this country, and no rules covering disclosure of non-political donations, there are specific corporate laws and a body of case law that requires those in charge of companies to act in the the best financial interests of the company's shareholders.
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