The need for clarity or harmony is the subject of this essay. Part II summarizes a philosophical debate between two scholars on the mission of the corporation. Part III briefly traces the historical development of the relevant principles and Part IV examines the actual philanthropic practices of several large publicly held corporations. Finally, Part V considers the continuing significance of the common law rule in light of these practices and urges support for the ALI proposal.
Shelby D. Green, Corporate Philanthropy and the Business Benefit: The Need for Clarity, 20 Golden Gate U. L. Rev. 239 (1990), available at http://digitalcommons.pace.edu/lawfaculty/439/.