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by evolve2k·1y ago·view on hn ↗
As I understand it registering as a Public Benefit Corporation assists with this and creates an explicit obligation for the directors to stick with the stated purpose in the constitution.

According to Wikipedia: "The benefit corporation legislation ensures that a director is required to consider other public benefits in addition to profit, preventing shareholders from using a drop in stock value as evidence for dismissal or a lawsuit against the corporation." ref: https://en.wikipedia.org/wiki/Benefit_corporation

Anyone have experience with Benefit corporations and more specifically what legal remedies are available if a corporation once setup as a benefit corporation fails to adhere to it's enhanced responsibilities. Or its directors for that matter.