Donations: why are our NZX companies so tight-fisted?

Just like Scrooge, large corporations appear to be pinching their pennies. (Image: 123rf)

Sat, 02 Oct 2021

There is increasing recognition that large corporations have responsibilities towards the wider community – not just to their employees and shareholders.Community responsibility is important because large companies, and their shareholders, have had prodigious financial returns in recent years while the gap between the haves and have nots has widened.One way of looking at the issue is in terms of donations. How much should large corporations be donating to worthy causes? This can be measured in New Zealand because companies are required to...

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