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The charter of a public-benefit corporation gives the company's board and management a bit of legal cover for making decisions that don't serve to maximize, or
by cs702 1y ago
The charter of a public-benefit corporation gives the company's board and management a bit of legal cover for making decisions that don't serve to maximize, or may even limit, financial returns to shareholders, when those decisions are made for the benefit of the public.
- croemer 1y agoBut the reverse isn't true, right? It doesn't prevent the board from maximizing financial returns even when doing so would harm the "public".
- anticensor 1y agoDepends on the specific charter.