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Corporations with benefits – Assessing the rise of US public benefit companies

We take a look at the growing US phenomenon of enshrining public benefit goals into for-profit corporate charters

Posted on 15 May 2019 09:30am15 May 2019 09:37am
Alex Speirs
In-house CorporateUS

When looking for good in the world, corporate governance law is not the most obvious place to train your eye. However, there is a sizeable band of corporations – thousands, in fact – who have opted to start just there, using corporate governance as a springboard to the greater good.

Shareholder primacy, often cast as the villain in corporate scandals or blinkered business decisions, operates on the theory that the job of directors and management is to maximise returns to investors. In turn, corporate law is traditionally viewed as a contract between corporations and investors that the company will, in the balance of law, deliver the highest return.

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