Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Sunday, May 14, 2017
WHAT IS A BENEFIT CORPORATION?
Over the last several years, there has been a dramatic increase in entrepreneurs interested in using business to drive positive social change. While corporations retain substantial flexibility to pursue social and environmental goals under a legal concept called the “business judgment rule”, traditional corporate law generally holds that the purpose of a corporation is to maximize shareholder value.
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