Corporate Charter which is to be approved by the State Government
False. Registering a corporation is not a privilege — it is a right. I don't need your approval to create one. My registration merely informs you, that I intend to do business as a corporation.
everybody having their damn about what a corporation does and how from its very inception
False. The only legal mechanism, through which our nosy government pretending to serve the busybody you can justify its interest in the corporation's internal practices, is through non-discrimination and workplace safety regulations.
but others may expect corporations also to support their local societies and to promote their local values
And my point is, such expectations are stupid, misplaced, and counterproductive.
When choosing a new TV-set, are you going to say: sure, Foo's TVs suck and are more expensive than Bar's, but I'm going to buy one anyway, because Foo, Inc. is hiring more women than Bar, Inc.? Seriously?