Corporate Governance

Abstract

Role of Business in Hinterland of Operations

Some company executives believe that their companies should act as "responsible" public institutions, holding power through trust of the community. Most companies engage in at least some public-service projects and make contributions to charities. A certain percentage of these donations can be deducted from a corporation's taxable income. Most of the donated money goes to private health, education, and welfare agencies, ranging from local hospitals, health care centres and charity funds to civil-rights groups and cultural institutions.