This document discusses the concept of corporate citizenship, which aims to balance corporate responsibilities to stakeholders and society with profit-making objectives. It outlines the history of corporate citizenship from the 19th century view of unlimited resources to current expectations that large corporations will manage their impact on communities and the environment responsibly. The key principles discussed are enlightened self-interest, where social and economic goals work together, and balancing the interests of shareholders with other stakeholders for long-term profitability and value creation. Both arguments for and against corporate citizenship are presented.