Tag: Social Enterprise

Over at her blog Razesquire, Karen Raz asked an interesting question summarized as follows: where in the law does it say that traditional corporations must pursue a duty to maximize profits at the expense of social and environmental considerations? Although proponents of hybrid entities (benefit corporations, social purpose corporations, etc.) will tell you that management for a traditional for-profit corporation is required to simply maximize profits, management’s actual fiduciary duties are more nuanced.  Directors and officers are under a duty to act “in the best interests of the company.”  What is truly in a company’s “best interests” is highly......


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