Benefit corporations at a crossroads: As lawyers weigh in, companies weigh their options Harvard Case Solution & Analysis

Should your business become a benefit corporation? In a comprehensive group of law review opinions, this installment of Business Law & Ethics Corner uncovers several fundamental problems to take into account. Second, benefit corporations may increase manager obligation and company costs. Third, contrary to the stated aim of such laws, benefit corporations aren't significantly different from traditional corporations, and consequently don't empower stakeholders.

Many legal analysts claim that benefit corporations really inhibit corporate social responsibility efforts by perpetuating the myth that business corporations do not possess the flexibility to pursue social missions, and by promising to, but failing to, empower stakeholders. In the face of vast appreciation for the profitable corporation, both corporate directors and research workers should take these significant concerns into account.

This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE

PUBLICATION DATE: May 15, 2015 PRODUCT #: BH667-PDF-ENG

 

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Benefit corporations at a crossroads: As lawyers weigh in, companies weigh their options

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