Corporate Social Responsibilities: The Debate Revisited

  • Clarence Walton
Part of the Issues in Business Ethics book series (IBET, volume 11)


In 1950, two events occurred that, though given little public attention, may well have been harbingers of major ideological changes in the world of corporate America. The first was an action by the New Jersey Legislature, which in 1950 declared it to be part of public policy that “corporations organized under the laws of this state should be specifically empowered to contribute such monies as, in a judgment of the governing boards, will conduce to the betterment of social and economic conditions, thereby permitting such corporations, as creations of this State, to discharge their obligations to society while, at the same time, reaping the benefits which essentially accrue to them through public recognition of their existence within the economic, social, as well as within the legal, structure of society.”


Corporate Social Responsibility Social Responsibility Corporate Governance Corporate Responsibility Corporate Executive 
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© Kluwer Academic Publishers 1998

Authors and Affiliations

  • Clarence Walton

There are no affiliations available

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