MICHAEL LEE-CHIN FAMILY INSTITUTE for Corporate Citizenship


MICHAEL LEE-CHIN FAMILY INSTITUTE FOR CORPORATE CITIZENSHIP

Creating a Definition Project for Business Leadership

AIC Definition Detailed View

Definition	To qualify as a socially responsible corporate action, a business expenditure or activity must be one for which the marginal returns to the corporation are less than the returns available from some alternative expenditure, must be purely voluntary, and must be an actual corporate expenditure rather than a conduit for individual largesse.
Author 1	Henry Manne
Author 2	Henry Wallich
Author 3
Reference Journal
Reference Publisher	American Enterprise Institute for Public Policy Research
Reference Year	1972
Approval Status	YES