Hundreds of years ago the basic corporate charter was granted to allow a leg up for some businesses. Subjects of the grant paid for the privilege in ways outlined in these charters. As corporate charters have evolved, corporations, having increasing power have participated in determining the privileges and responsibilities of the charter, resulting in a a charter that grants too many privileges and not enough responsibilities.

The modern corporate charter needs to be re-written so the responsibilities of corporation balance the privileges granted to the entity.