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.

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About Kirk

Since becoming a lawyer in 1983, Kirk’s over 30 years of practice have focused on advising a wide range of corporations, associations, and individuals (as both plaintiffs and defendants) on both tort and commercial law issues centered around “mass torts.”

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