The Pursuit of Profit at all Costs

‘Shareholders group opposes tsunami donations’, ABC Online (7 January 2005) <www.abc.net.au/news/newsitems/200501/s1278005.htm> at 21 November 2005.

‘Tsunami donation comments draw criticism’ (7 January 2005), theage.com.au <http://theage.com.au/news/breaking-News/Tsunami-donation-comments-draw-criticism/2005/01/07> at 18 January 2005.

Friedman Milton quoted in Ruf Bernadette M , ‘An Empirical Investigation of the Relationship between Change in Corporate Social Performance and Financial Performance: A Stakeholder Theory Perspective’ (2001) 32 Journal of Business Ethics 143, 143.

Greenhalgh v Arderne Cinemas [1945] 2 All ER 719.

Kinsela v Russell Kinsela Pty Ltd (In Liq) (1986) 4 NSWLR 722.

Woolworths v Kelly (1991) 22 NSWLR 189 (Court of Appeal), 226 (Mahoney JA).

AP Smith Manufacturing Co v Barlow , 39 ALR 2d 1179 (1953), 1192.

See discussion in Parkinson John , Corporate Power and Responsibility: Issues in the Theory of Company Law (1994) 279.

Harlowe's Nominees Pty Ltd v Woodside (Lakes Entrance) Oil Co NL (1968) 121 CLR 483; Charterbridge Corp Ltd v Lloyds Bank [1970] Ch 62.

Parke v The Daily News Ltd & Others [1962] 2 All ER 929.

Ibid 948.

Parkinson , above n 8, 261.

Ibid 267.

Bakan Joel , The Corporation: The Pathological Pursuit of Profit and Power (2004), 34.

Ibid 28.

Above n 2.

Johnston Eric , Australian Assoc Criticizes Cos for Tsunami Aid Pledges (7 January 2005) Yahoo! Australia & NZ Finance <http://au.biz.yahoo.com/050107/18/p/2vkj.html> at 21 November 2005.

Australian shareholders group gripes at corporate tsunami donations, Yahoo! Australia & NZ Finance (7 January 2005) <http://au.biz.yahoo.com/050107/33/p/2vlf.html> at 21 November 2005.

Khoo Valerie , Community Matters (22 January 2005), smh.com.au <http://smh.com.au/articles/2005/01/21/1106110919147.html?0neclick=true> at 21 November 2005.

Above n 2, reporting comments made by Dick Smith.

Ruf , above n 3.

Brammer Stephen Millington Andrew , ‘The Development of Corporate Charitable Contributions in the UK: A Stakeholder Analysis’ (2004) 41 Journal of Management Studies 1411, 1430.

Hall John , ‘The social responsibility of corporations’ (2002) 27 Alternative Law Journal 12, 13–14.

Westpac , 2003 Social Impact Report, 10.

Ibid 34–35.

Drake Robert , ‘NCOSS No Interest Loans Development Project Report’, Council of Social Service of NSW, October 2001, 2.

Ibid 12.

Ibid, quoting Bell David , CEO of the Australian Bankers' Association.

ANZ, Saver Plus Progress and Perspectives, August 2004.

ANZ, ‘ANZ announces $1 million expansion of matched savings program’ (Press Release, 14 September 2004).

ANZ, Making a difference to financial literacy, July 2004.

ANZ, ‘ANZ launches Australia's first comprehensive adult financial education program’ (Press Release, 21 October 2004).

ANZ, Community Development Finance in Australia: A Discussion Paper, May 2004.

See NAB, Set Up Low Interest Loans, <http://www.national.com.au/Community/0,49804,00.html> at 23 October 2004.

Ibid.

Charles Mathew , ‘Hardie Bid to Woo Investors’, The Courier–Mail (Brisbane), 16 September 2004, 37.

CAMAC, Reference in relation to directors' duties and corporate social responsibility (March 2005) <http://www.camac.gov.au> at 21 November 2005.

Parliamentary Joint Committee on Corporations and Financial Services, Commonwealth Parliament of Australia, Inquiry into Corporate Responsibility, <http://www.aph.gov.au/senate/committee/corporations_ctte/corporate_responsibility/index.htm> at 21 November 2005.

Sheahan SC John , Panelist, Corporate Law Teachers' Association Conference, Sydney Law School, 8 February 2005.