Social Benefit Corporations – New Wine in an Old Vessel ?
Kevin LaCroix of the D & O Diary has an interesting, new post on "benefit corporations." That is, companies aimed at achieving goals desired by its shareholders, regardless of "maximizing shareholder value." (One might argue the two are one and the same, but that’s a topic for another day). The post describes various state statutes aimed at defining roles of officers and directors for "benefit corporations," and provides helpful commentary and links.