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Benefit Corporation Law and Governance by Frederick Alexander

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INTRODUCTIONA Corporate Lawyer’s Journey

Many readers of this book will be familiar with traditional corporations and the law that governs them and may wonder why more than thirty jurisdictions in the United States, including Delaware, the center of U.S. corporate law for the past century, would introduce a new corporate governance model. They may be reading this book to discover the “why” of benefit corporation law as much as the “how.” In light of that, I thought it might be helpful to tell a bit of my own history with the changes to the Delaware statute.

I have spent almost thirty years in private practice, advising clients on Delaware corporate law issues. As a partner in the transaction group of a leading Delaware law firm, I worked on preferred ...

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