The Ele-Philanthropist in the Boardroom: The Boundaries of Corporate Philanthropy
This post explores the tension between corporate philanthropy and the "profit maximization" doctrine. While ESG and CSR make donations common, Israeli law struggles with the "Ele-Philanthropist in the Boardroom" – classifying giving as being in the company's best interest. It proposes revitalizing the final clause of Section 11(a) of the Companies Law as an independent path. Using "valve concepts" and bylaws, it offers a "Safe Harbor" model for directors.
