this almost borders on the lens hoods vs. filters debate
a lens hood does provide glare and haze reduction by reducing the direct light hitting the elements at oblique angles. often, hoods for zooms will have a 'flower' shaped end, instead of a round one. this is to maximise glare reduction, without the hood entering the field of view. note that with digital cameras, you can often use a larger (deeper) hood, since the sensor is smaller than 35mm film and is less likely to be obstructed by the hood.
also, lens hoods are excellent for protecting the elements from scratches and can even help save them if the lens is dropped.