Becoming A Public Benefit Corporation

Author : Michael B. Dorff , J.D.
Publisher : Stanford University Press
Page : 331 pages
File Size : 48,8 Mb
Release : 2023-11-21
Category : Business & Economics
ISBN : 9781503637849

Get Book

Becoming a Public Benefit Corporation by Michael B. Dorff , J.D. Pdf

There are now over 10,000 benefit corporations and public benefit corporations in the United States, including at least fifteen public companies. This is the authoritative guide for leaders, advisors, and board members. Entrepreneurs and leaders often have an inspiring vision for how their business can not only make money for shareholders, but also benefit society. In recent years a new legal structure has emerged, the "Benefit Corporation" or "Public Benefit Corporation," which helps organizations make this ethical vision a legally authorized and protected reality. Companies like Patagonia, Kickstarter, Warby Parker, Danone North America, Allbirds, and King Arthur Baking have become benefit corporations to help advance both their business and their broader mission. Rather than narrowly maximizing profits, they consider their business' impact on employees, customers, suppliers, the environment and others. The goal of benefit corporations like these is to foster a new, more humane, and sustainable capitalism by pursuing both profits and mission. Benefit corporation status helps protect the company mission even when leadership changes—and in the face of pressure from investors, shareholders, bankers and lenders. Becoming a Public Benefit Corporation explains this exciting new type of corporation, when it makes sense, and how becoming a benefit corporation can help leaders and organizations balance the tradeoffs between profits and mission. Law professor and corporate governance expert Michael B. Dorff also covers the weaknesses of benefit corporations, arguing that the enforcement mechanisms around benefit corporations are currently too weak to prevent "purpose washing." With examples from top companies, the book shows mission-driven leaders, board members, and advisors how to use the benefit corporation structure to make the world a better place.

Author : Frederick Alexander
Publisher : Berrett-Koehler Publishers
Page : 304 pages
File Size : 54,5 Mb
Release : 2017-10-16
Category : Business & Economics
ISBN : 9781523083602

Get Book

Benefit Corporation Law and Governance by Frederick Alexander Pdf

Corporations with a Conscience Corporations today are embedded in a system of shareholder primacy. Nonfinancial concerns—like worker well-being, environmental impact, and community health—are secondary to the imperative to maximize share price. Benefit corporation governance reorients corporations so that they work for the interests of all stakeholders, not just shareholders. This is the first authoritative guide to this new form of governance. It is an invaluable guide for legal and financial professionals, as well as interested entrepreneurs and investors who want to understand how purposeful corporate governance can be put into practice.

Author : Pollman, Elizabeth,Thompson, Robert B.
Publisher : Edward Elgar Publishing
Page : 432 pages
File Size : 51,7 Mb
Release : 2021-09-28
Category : Law
ISBN : 9781789902914

Get Book

Research Handbook on Corporate Purpose and Personhood by Pollman, Elizabeth,Thompson, Robert B. Pdf

This insightful Research Handbook contributes to the theoretical and practical understanding of corporate purpose and personhood, which has become the central debate of corporate law. It provides cutting-edge thoughts on the role of corporations in society and the nature of their rights and responsibilities.

Author : Anonim
Publisher : Unknown
Page : 70 pages
File Size : 54,9 Mb
Release : 2012*
Category : Incorporation
ISBN : 1443570079

Get Book

Not-for-profit Incorporator's Handbook by Anonim Pdf

Author : Christopher Marquis
Publisher : Yale University Press
Page : 312 pages
File Size : 47,6 Mb
Release : 2020-09-13
Category : Business & Economics
ISBN : 9780300247152

Get Book

Better Business by Christopher Marquis Pdf

A compelling look at the B Corp movement and why socially and environmentally responsible companies are vital for everyone’s future Businesses have a big role to play in a capitalist society. They can tip the scales toward the benefit of the few, with toxic side effects for all, or they can guide us toward better, more equitable long-term solutions. Christopher Marquis tells the story of the rise of a new corporate form—the B Corporation. Founded by a group of friends who met at Stanford, these companies undergo a rigorous certification process, overseen by the B Lab, and commit to putting social benefits, the rights of workers, community impact, and environmental stewardship on equal footing with financial shareholders. Informed by over a decade of research and animated by interviews with the movement’s founders and leading figures, Marquis’s book explores the rapid growth of companies choosing to certify as B Corps, both in the United States and internationally, and explains why the future of B Corporations is vital for us all.

Author : Dana Brakman Reiser,Steven A. Dean
Publisher : Oxford University Press
Page : 208 pages
File Size : 54,6 Mb
Release : 2017-09-05
Category : Law
ISBN : 9780190249793

Get Book

Social Enterprise Law by Dana Brakman Reiser,Steven A. Dean Pdf

Social enterprises represent a new kind of venture, dedicated to pursuing profits for owners and benefits for society. Social Enterprise Law provides tools that will allow them to raise the capital they need to flourish. Social Enterprise Law weaves innovation in contract and corporate governance into powerful protections against insiders sacrificing goals such as environmental sustainability in the pursuit of short-term profits. Creating a stable balance between financial returns and public benefits will allow social entrepreneurs to team up with impact investors that share their vision of a double bottom line. Brakman Reiser and Dean show how novel legal technologies can allow social enterprises to access capital markets, including unconventional sources such as crowdfunding. With its straightforward insights into complex areas of the law, the book shows how a social mission can even be shielded from the turbulence of an acquisition or bankruptcy. It also shows why, as the metrics available to measure the impact of social missions on individuals and communities become more sophisticated, such legal innovations will continue to become more robust. By providing a comprehensive survey of the U.S. laws and a bold vision for how legal institutions across the globe could be reformed, this book offers new insights and approaches to help social enterprises raise the capital they need to flourish. It offers a rich guide for students, entrepreneurs, investors, and practitioners.

Author : Lynn Stout
Publisher : Berrett-Koehler Publishers
Page : 151 pages
File Size : 46,8 Mb
Release : 2012-05-07
Category : Business & Economics
ISBN : 9781605098166

Get Book

The Shareholder Value Myth by Lynn Stout Pdf

An in-depth look at the trouble with shareholder value thinking and at better options for models of corporate purpose. Executives, investors, and the business press routinely chant the mantra that corporations are required to “maximize shareholder value.” In this pathbreaking book, renowned corporate expert Lynn Stout debunks the myth that corporate law mandates shareholder primacy. Stout shows how shareholder value thinking endangers not only investors but the rest of us as well, leading managers to focus myopically on short-term earnings; discouraging investment and innovation; harming employees, customers, and communities; and causing companies to indulge in reckless, sociopathic, and irresponsible behaviors. And she looks at new models of corporate purpose that better serve the needs of investors, corporations, and society. “A must-read for managers, directors, and policymakers interested in getting America back in the business of creating real value for the long term.” —Constance E. Bagley, professor, Yale School of Management; president, Academy of Legal Studies in Business; and author of Managers and the Legal Environment and Winning Legally “A compelling call for radically changing the way business is done... The Shareholder Value Myth powerfully demonstrates both the dangers of the shareholder value rule and the falseness of its alleged legal necessity.” —Joel Bakan, professor, The University of British Columbia, and author of the book and film The Corporation “Lynn Stout has a keen mind, a sharp pen, and an unbending sense of fearlessness. Her book is a must-read for anyone interested in understanding the root causes of the current financial calamity.” —Jack Willoughby, senior editor, Barron’s “Lynn Stout offers a new vision of good corporate governance that serves investors, firms, and the American economy.” —Judy Samuelson, executive director, Business and Society Program, The Aspen Institute

Author : Ryan Honeyman
Publisher : Berrett-Koehler Publishers
Page : 225 pages
File Size : 45,8 Mb
Release : 2014-10-13
Category : Business & Economics
ISBN : 9781626560444

Get Book

The B Corp Handbook by Ryan Honeyman Pdf

Using Business as a Force for Good Join a Growing Movement: Learn how you can join more than 1,000 Certified B Corporations from 80 industries and 35 countries—led by well-known icons like Patagonia and Ben & Jerry's and disruptive upstarts like Warby Parker and Etsy—in a global movement to redefine success in business. Build a Better Business: Drawing on interviews, tips, and best practices from over 100 B Corporations, author and B Corp owner Ryan Honeyman shows that using business as a force for good can help you attract and retain the best talent, distinguish your company in a crowded market, and increase customer trust, loyalty, and evangelism for your brand. More than 1,000 companies from 80 industries and 30 countries are leading a global movement to redefine success in business. They're called B Corporations—B Corps for short—and these businesses create high-quality jobs, help build stronger communities, and restore the environment, all while generating solid financial returns. Author and B Corp owner Ryan Honeyman worked closely with over 100 B Corp CEOs and senior executives to share their tips, advice, and best-practice ideas for how to build a better business and how to meet the rigorous standards for—and enjoy the benefits of—B Corp certification. This book makes the business case for improving your social and environmental performance and offers a step-by-step “quick start guide” on how your company can join an innovative and rapidly expanding community of businesses that want to make money and make a difference.

Author : John C. Coffee,Ronald J. Gilson,Brian JM Quinn
Publisher : Aspen Publishing
Page : 1429 pages
File Size : 48,8 Mb
Release : 2021-09-14
Category : Law
ISBN : 9781543847277

Get Book

Cases and Materials on Corporations by John C. Coffee,Ronald J. Gilson,Brian JM Quinn Pdf

Renowned for its richness, depth, and authorship, Cases and Materials on Corporations offers broad coverage of both public and closely held corporations. A powerful introductory chapter sets out the defining characteristics of a corporation. A thematic framework frames corporate law in terms of the corporation’s responsibilities to its employees, its investors, and society. New to the Ninth Edition: The introductory Chapter recognizes that issues of race and systemic discrimination have dominated recent headlines and political discourse. This has re-focused attention on the long-standing debate between proponents of the dominant shareholders primacy model of corporate governance and proponents of a more stakeholder-oriented model. Without taking sides on this issue, this Chapter notes that this debate has continued throughout American legal history, and it focuses on recent efforts by some states and Nasdaq to require greater diversity (both in terms of race and gender) on corporate boards. Current data is provided. In addition, this Chapter adds a new section to introduce the “public benefit corporation,” a new corporate form that is a hybrid of a profit-making corporation and a not-for-profit entity now recognized by a majority of the states. New material on the emerging line of good faith cases in the context of director oversight where a corporation is subject to “mission critical” regulation. This new line of cases opens up potential avenues to assign monetary liability to directors for failure to manage corporate risks. New Supreme Court decisions (including Lorenzo and Omnicare) are assessed, and the continuing struggle to define insider trading is reviewed. The chapter on shareholder voting and proxy gives special attention to recent efforts by activist hedge funds to influence and constrain corporate management. The revised chapter on takeovers takes up the legal rules governing friendly and unfriendly acquisitions. The chapter tracks the unique experience of Delaware law over this period: an ongoing and openly—but respectful–disagreement between the Delaware Chancery Court and the Delaware Supreme Court about the allocation of authority between the board of directors and shareholders. The chapter also examines the new texture of the takeover market where activists play a central role. Professors and students will benefit from: Richness and depth: A range of thoroughly developed topics allows instructors to delve into topics with as much depth as they wish. The text is strong in material on both public and closely held corporations. Traditional casebook pedagogy: Text notes, statutory material, excerpted commentary, problems, questions, and edited cases. Strong introductory chapter: Sets out the defining characteristics of a corporation: limited liability, perpetual existence, free transferability, and centralized management. Thematic framework: Examines corporate law in the context of the corporation’s responsibilities to its own constituents and investors, as well as to society.

Author : Curt Weeden
Publisher : John Wiley & Sons
Page : 288 pages
File Size : 53,5 Mb
Release : 2011-03-15
Category : Business & Economics
ISBN : 9780470873632

Get Book

Smart Giving Is Good Business by Curt Weeden Pdf

Answers to the 12 most common and critical questions about corporate giving In this groundbreaking resource, Weeden shows how to strategically plan, manage and evaluate corporate contributions. Questions include: Why Should We Give?; How Much?; Who Decides?; Does a Company Need a Foundation?; How to Give Products or Services?; How Do We Know What Works? The book covers a wide range of topics including: The case for conditional corporate philanthropy; increasing stewardship to give more; assigning responsibility for signature programs; how CEOs leverage contributions programs for maximum benefit; effectively staffing corporate contributions programs; the pros and cons of corporate foundations; and more. Offers benchmarks for determining if a business has a meaningful philanthropic program that fosters constructive corporate citizenship Reveals how an effective philanthropic program and commitment can be incorporated in any organization Contains a comprehensive review of the information corporations need to make informed decisions about giving The author offers a prescription for linking businesses with causes and the nonprofits addressing critical issues in a way that will preserve or restore services and activities essential to our quality of life.

Author : Arthur B. Laby,Jacob Hale Russell
Publisher : Unknown
Page : 375 pages
File Size : 45,8 Mb
Release : 2021-09-09
Category : Business & Economics
ISBN : 9781108485128

Get Book

Fiduciary Obligations in Business by Arthur B. Laby,Jacob Hale Russell Pdf

Leading scholars analyze key issues in fiduciary duties in business―one of the most salient applications of fiduciary law and theory.

Author : Edward P. Welch,Robert S. Saunders,Allison L. Land,Andrew J. Turezyn,Jennifer C. Voss
Publisher : Wolters Kluwer
Page : 1942 pages
File Size : 45,6 Mb
Release : 2016-12-15
Category : Electronic
ISBN : 9781454872450

Get Book

Folk on the Delaware General Corporation Law by Edward P. Welch,Robert S. Saunders,Allison L. Land,Andrew J. Turezyn,Jennifer C. Voss Pdf

For quick access to Delaware Corporation Law when you're away from the office, here's a handy portable version of Folk you can easily carry to court in your briefcase. Adapted from the major 3-volume analysis of Delaware Corporation Law that is constantly cited by courts and relied upon daily by corporate lawyers everywhere, Folk Fundamentals gives you: The complete text of the Delaware General Corporation Law The essential and most commonly used analytic elements of the larger set's commentary Take this convenient one-volume softcover -distillation- any place you need to refer to Folk on the spot. Organized for Quick and Easy Reference! Following the unique and convenient organizational format of the 3-volume set, Folk Fundamentals provides annotated commentary with each section of the statute. Each section's commentary incorporates discussion of every significant court decision (including non-Delaware cases) that interprets the language and intent of that section, and adds the incisive analysis of Folk and his successor authors. This expert commentary synthesizes statute, cases, and analysis into clear, up-to-date guidance that can be put to immediate use in any business activity or situation affected by Delaware Corporation Law . With Folk Fundamentals, you'll be able to: Locate any provision of Delaware Corporation Law--quickly Quote directly from the statute or commentary in the office or the courtroom Support or counter arguments with Folk's proven analysis

Author : By Edward P. Welch, Robert S. Saunders, Allison L. Land, Jennifer C. Voss, Andrew J. Turezyn
Publisher : Wolters Kluwer
Page : 1910 pages
File Size : 42,9 Mb
Release : 2015-12-23
Category : Electronic
ISBN : 9781454856986

Get Book

Folk on the Delaware General Corporation Law: Fundamentals, 2016 Edition by By Edward P. Welch, Robert S. Saunders, Allison L. Land, Jennifer C. Voss, Andrew J. Turezyn Pdf

For quick access to Delaware Corporation Law when youand’re away from the office, hereand’s a handy portable version of Folk you can easily carry to court in your briefcase. Adapted from the major 3-volume analysis of Delaware Corporation Law that is constantly cited by courts and relied upon daily by corporate lawyers everywhere, Folk Fundamentals gives you: The complete text of the Delaware General Corporation Law The essential and most commonly used analytic elements of the larger setand’s commentary Take this convenient one-volume softcover and“distillationand” any place you need to refer to Folk on the spot. Organized for Quick and Easy Reference! Following the unique and convenient organizational format of the 3-volume set, Folk Fundamentals provides annotated commentary with each section of the statute. Each sectionand’s commentary incorporates discussion of every significant court decision (including non-Delaware cases) that interprets the language and intent of that section, and adds the incisive analysis of Folk and his successor authors. This expert commentary synthesizes statute, cases, and analysis into clear, up-to-date guidance that can be put to immediate use in any business activity or situation affected by Delaware Corporation Law . With Folk Fundamentals, youand’ll be able to: Locate any provision of Delaware Corporation Lawand—quickly Quote directly from the statute or commentary in the office or the courtroom Support or counter arguments with Folkand’s proven analysis

Author : Nathan M. Jensen,Edmund J. Malesky
Publisher : Cambridge University Press
Page : 271 pages
File Size : 42,8 Mb
Release : 2018-03-15
Category : Political Science
ISBN : 9781108418904

Get Book

Incentives to Pander by Nathan M. Jensen,Edmund J. Malesky Pdf

An examination of why politicians choose to employ targeted tax incentives to firms that are inefficient and distortionary.

Author : William T. Allen,Reinier Kraakman,Guhan Subramanian
Publisher : Aspen Publishing
Page : 600 pages
File Size : 53,6 Mb
Release : 2021-08-25
Category : Law
ISBN : 9781543849028

Get Book

Commentaries and Cases on the Law of Business Organizations by William T. Allen,Reinier Kraakman,Guhan Subramanian Pdf

Commentaries and Cases on the Law of Business Organizations: 2021-2022 Statutory Supplement