3 ms·
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/
by 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 agoI could be wrong but I don't think Twitter is a B corp.
- riccardomc 5y agoTwitter 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.