Public Benefit Corporations
A new form of corporate governance — the benefit corporation model — has been adopted in 31 U.S. jurisdictions, including Delaware, and on the international scene. Benefit corporation statutes allow corporations to opt into a governance model that requires directors to balance the interests of all stakeholders — stockholders, employees, customers, and the public — when making decisions. Rick Alexander traces the emergence of this new model of corporate governance.
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Frederick H. Alexander, “Public Benefit Corporations,” The Review of Securities and Commodities Regulation (June 22, 2016).