Benefit Corporation Law and Governance: Pursuing Profit with Purpose

. He has been recognized as one of the ten most highly regarded corporate governance lawyers worldwide and was previously selected as Delaware Corporate Law Lawyer of the Year and Delaware Mergers & Acquisitions Lawyer of the Year. He prepared the initial drafts of the Delaware benefit corporation law and the American Bar Association’s white paper on benefit corporations. Frederick H. Alexander is head of l

About the Author Frederick H. He has been recognized as one of the ten most highly regarded corporate governance lawyers worldwide and was previously selected as Delaware Corporate Law Lawyer of the Year and Delaware Mergers & Acquisitions Lawyer of the Year. He prepared the initial drafts of the Delaware benefit corporation law and the American Bar Association’s white paper on benefit corporations. Alexander is head of legal policy at B Lab and counsel at Morris, Nichols, Arsht & Tunnell.

Distinguished corporate lawyer Frederick H. He then provides a comprehensive description of the alternative. . This is the first authoritative guide to the rules that govern this new and expanding form of governance. Benefit corporations expand corporate purpose and extend the obligations of corporate managers to include the interests of all stakeholders. He also looks at some unsuccessful precursors to benefit corporations and why they failed.The book 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. There are already 5,000 benefit corporations in the United States, and venture capitalists, private equity firms, and institutions are beginning to invest. Benefit Corporation Law and GovernancePursuing Profit with Purpose Corporations today are embedded in a system of shareholder primacy. As a result, businesses can “succeed” while contributing to serious problems like clim