Corporate Giving............Should we or Shouldn't we?
Should public companies financially support charities?
Is so, then how?
Lets assume we are Board Directors of a $600 Million publicly traded companies. The CEO wants to contribute substantial donations to his favorite charities. He makes the argument that the firm needs to be socially responsible. But what if the Directors have different charitable interests? Or the employees? Does their opinions matter?
But should the shareholders be aware or agree to a company's charitable donations? Who should be the ones who make the decisions on which charities get support and which do not? The CEO? The Board? The employees?
Is there a fair and equitable manner to choose to support charities? Is so, what are the criteria for decisions?
How does your firm (s) deal with charities?
The days of corporate philanthropy being about cutting checks for charity dinners and new buildings are over—or if they’re not, they should be, and fast. That was one of the messages at the conference here this week of the...