O'Reilly logo

Benefit Corporation Law and Governance by Frederick Alexander

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

APPENDIX FRubric for Board Decision Making of a Delaware Public Benefit Corporation

Summary

In 2013, Delaware adopted legislation authorizing a corporation created in Delaware to become a public benefit corporation (PBC). The new law (like its counterparts, now adopted in more than thirty U.S. jurisdictions) allows for-profit companies to operate in a manner that sustainably creates long-term value for its stakeholders and others. Specifically, the Delaware law defines a PBC as a for-profit corporation that is intended to produce a public benefit or benefits and to operate in a responsible and sustainable manner.

The statute does not define “responsible and sustainable,” but instead mandates that the directors must balance the interests of its ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required