How Benefit Corporations are redefining the purpose of business corporations

  • Clark Jr. W
  • Babson E
  • 34

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Abstract

The article discusses the ways by which benefit corporations are able to redefine the purpose of business corporations. It reflects that the companies are making profit through a better conduct of business in an environmentally and socially responsible way. It presents information on the factors which help in the development of a new form of a business corporation called as "Benefit Corporation" and also discusses legal framework for which these corporations have to be developed.

Author-supplied keywords

  • Actions and defenses (Law), Social responsibility

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Authors

  • William H. Clark Jr.

  • Elizabeth K. Babson

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