3 ms·

>It depends on what the interests of the shareholders actually is. Monetary only, or are there other considerations they care about? Is a board allowed to cons

• namdnay 5y ago
  Of course they are, major investors regularly push boards to do more ESG for example
• riccardomc 5y ago
  Yes. The law doesn't bind directors to maximize shareholders value. https://www.reddit.com/r/law/comments/3pv8bh/comment/cw9t52d/ https://www.reddit.com/r/law/comments/3pv8bh/comment/cw9t52d...
  • ameister14 5y ago
    I could be wrong but I don't think Twitter is a B corp.
    • riccardomc 5y ago
      Twitter is not a B-Corp indeed. However any company, not just B-Corps, can have a purpose other than shareholders value maximization. Check this article: https://doi.org/10.1111/joms.12660 https://doi.org/10.1111/joms.12660 There's an easily searchable index of B-Corps: https://www.bcorporation.net/en-us/find-a-b-corp https://www.bcorporation.net/en-us/find-a-b-corp
      • ameister14 5y ago
        >any company, not just B-Corps, can have a purpose other than shareholders value maximization. It's moving there but I don't think it's there quite yet according to case law. The board motivations at present still have to tie back to maximizing value for shareholders.
• ameister14 5y ago
  So most directors can get around the shareholder primacy rule pretty easily by tying the changes they want back to shareholder value.