Benefit Corporation Law and Governance

Pursuing Profit with Purpose

Rick Alexander (Author)

Forthcoming: 09/20/2017

Benefit Corporation Law and Governance
Benefit corporations include positive impact on society, workers, the community, and the environment as part of their legally defined goals in addition to profit. This is the first authoritative guide for attorneys and executives to the statutes, rules, and requirements for this growing and radically different type of corporationBenefit Corporation Law and Governance
Pursuing Profit with Purpose


Corporations today are embedded in a system of shareholder primacy. Nonfinancial concerns—like worker well-being, environmental impact, or community health—are secondary to the imperative to maximize share price. As a result, businesses can “succeed” while contributing to serious problems like climate risk, social instability, and economic decline. This sets us up for failure over the long term, as private enterprise continues to threaten vital resources.

But there is a new form of governance—the benefit corporation—that reorients corporations so that they work for the interests of all stakeholders, not just shareholders. There are already 5,000 benefit corporations in the United States, and venture capitalists, private equity firms, and institutions are beginning to invest. This is the first authoritative guide to the rules that govern this new and expanding form of governance.

Distinguished corporate lawyer Frederick H. Alexander describes the stranglehold that shareholder primacy has on our current legal and financial systems. He then provides a comprehensive description of the alternative. Benefit corporations expand corporate purpose and extend the obligations of corporate managers to include the interests of all stakeholders. Alexander describes the two existing benefit corporation models and details how current relations are transformed when organizations adopt stakeholder governance. 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.


Read more and meet author below



Hardcover:
9781523083589

$34.95
(member price: $31.46)
Forthcoming - Pre-Order Now
Bulk Discounts
Rights Information


Featured Books



More About This Product

Overview

Benefit corporations include positive impact on society, workers, the community, and the environment as part of their legally defined goals in addition to profit. This is the first authoritative guide for attorneys and executives to the statutes, rules, and requirements for this growing and radically different type of corporationBenefit Corporation Law and Governance
Pursuing Profit with Purpose


Corporations today are embedded in a system of shareholder primacy. Nonfinancial concerns—like worker well-being, environmental impact, or community health—are secondary to the imperative to maximize share price. As a result, businesses can “succeed” while contributing to serious problems like climate risk, social instability, and economic decline. This sets us up for failure over the long term, as private enterprise continues to threaten vital resources.

But there is a new form of governance—the benefit corporation—that reorients corporations so that they work for the interests of all stakeholders, not just shareholders. There are already 5,000 benefit corporations in the United States, and venture capitalists, private equity firms, and institutions are beginning to invest. This is the first authoritative guide to the rules that govern this new and expanding form of governance.

Distinguished corporate lawyer Frederick H. Alexander describes the stranglehold that shareholder primacy has on our current legal and financial systems. He then provides a comprehensive description of the alternative. Benefit corporations expand corporate purpose and extend the obligations of corporate managers to include the interests of all stakeholders. Alexander describes the two existing benefit corporation models and details how current relations are transformed when organizations adopt stakeholder governance. 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.


Back to Top ↑

Meet the Author


Visit Author Page - Rick Alexander

Frederick H. Alexander is counsel at Morris Nichols Arsht & Tunnell and is a member of the Delaware Corporate Counseling Group, which focuses on corporate governance and transactions. Rick also serves as Head of Legal Policy at B Lab, a non-profit organization dedicated to the promotion of responsible business practices. Rick has been recognized as one of the 10 most highly-regarded corporate governance lawyers worldwide by The International Who s Who of Corporate Governance Lawyers and selected by The Best Lawyers in America as Delaware Corporate Law Lawyer of the Year and Delaware Mergers & Acquisitions Lawyer of the Year. He has been named one of the 500 leading lawyers in the United States by the Lawdragon guide, and is listed in Chambers USA: America s Leading Lawyers for Business.

Back to Top ↑