A current school of thought urges a legal approach to stop public companies becoming involved in politically-contentious social debates via the means of ‘corporate social responsibility’ (CSR) that are only faintly, if at all, related to their business.
The thinking is that company directors and senior managers may be breaching their duty to shareholders under the Corporations Act, and abusing company’s commercial powers and resources, by failing to “pursue only the proper purposes of the company and to maximise profits within reason.
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