Reflections on "In the best interest of the corporation" and "Corporate Social Responsibility": An Essay Honouring the Memory of Professor Alan R. Bromberg

This essay examines the question of how a Texas corporation can pursue a Corporate Social Responsibility (CSR) program while maintaining compliance with statutory and case law standards of corporate governance. The author discusses both the historical policy underpinnings and modern-day drivers of CSR and concludes that a comprehensive CSR program based on the sustainability of the enterprise aligns with current Texas standards for corporate governance. As applied in connection with CSR, the author suggests that sustainability provides a longer-term and more appropriate stakeholder context to corporate decision-making.