Benefit Corporation Law and Governance: Pursuing Profit with Purpose
by Rick Alexander
Corporations with a Conscience
Most corporations today are embedded in a system of shareholder primacy, where indirect financial concerns – worker well-being, environmental impact, and community health – are deemed secondary to maximizing share price, if they are considered at all. Benefit corporation governance reorients corporations so that they work for the interests of all stakeholders, not just shareholders, in keeping with the values of the members of the American Sustainable Business Council and with the recent change in policy from the Business Roundtable.
This is the first authoritative guide to this new form of governance. It is an invaluable guide for legal and financial professionals, as well as interested entrepreneurs and investors who want to understand how purposeful corporate governance can be put into practice.