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Corporate & Securities Law
: BusinessAssociationsBlog.comCorporate Philanthropy
By Stephen Bainbridge
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A blog comment over at Volokh’s place asks what I think about corporate philanthropy. I addressed that issue in Corporation Law and Economics, where I wrote that:
Corporate charitable donations are subject to attack under two doctrines: ultra vires and breach of fiduciary duty. Neither is likely to succeed, so long as the amount in question is reasonable and some plausible corporate purpose...[continued on site]
Full post as published by BusinessAssociationsBlog.com on July 25, 2008 (boomark / email).
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