Why Public Benefit Corporations?

October 5, 2016

 

Public Benefit Corporations (“PBCs”) are a revolutionary new form of business organization that overturn the fundamental corporate principle of shareholder wealth maximization. Of the many questions that surround this new entity type, perhaps the most perplexing is why Delaware – the most influential and important state for corporate law by far – chose to adopt it...

 

by Michael B. Dorff, Delaware Journal of Corporate Law

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