4 ms·

Can you give an example of a company with it their bylaws? I’ve never seen it, and Facebook doesn’t. https://s21.q4cdn.com/399680738/files/doc_downloads/govern

• adventured 5y ago
  It's absolutely not typically in the bylaws of corporations, that they must seek to optimize for profit. The parent comment dances around the language of the premise. It's extraordinarily rare to put anything remotely close to that in the bylaws, because it's a super dumb way to set yourself up for entirely unnecessary legal problems in the future. The lawsuits may happen, however they also almost never win.
• crznp 5y ago
  It isn't necessarily in the bylaws, it comes with being a director of a Delaware corporation. https://corpgov.law.harvard.edu/2020/03/10/directors-fiduciary-duties-back-to-delaware-law-basics/ https://corpgov.law.harvard.edu/2020/03/10/directors-fiducia...
  • pydry 5y ago
    Profit isnt even mentioned there. Which paragraph were you referring to?