Benefit 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, and community health—are secondary to the imperative to maximize share price. Benefit corporation governance reorients corporations so that they work for the interests of all stakeholders, not just shareholders.
This is the first authoritative guide to this new form of governance. It 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.
About Frederick H. Alexander (Delaware Author)
Frederick (Rick) Alexander is Head of Legal Policy at B Lab, a non-profit organization dedicated to enabling people to use business as a force for good. In his role, he works with other lawyers, company executives, investors, legislators and regulators around the world, seeking to create corporate governance structures that lead corporations to contribute to a healthy, stable society and planet.
With 30 years’ experience in law, Alexander was named as one of the 10 most highly regarded corporate governance lawyers worldwide by The International Who’s Who of Corporate Governance Lawyers 2012. Prior to coming to B Lab in 2105, Alexander was the managing partner of Morris, Nichols, Arsht & Tunnell in Wilmington, Delaware, and prepared the initial drafts of both the Delaware public benefit corporation legislation and the ABA Benefit Corporation White Paper.
In addition to his industry involvement, he serves as a member of the Commonwealth Climate and Law Initiative Advisory Board and as a board member of the Transgender Legal Defense and Education Fund.
Alexander’s book, Benefit Corporation Law and Governance: Pursuing Profit with Purpose (October 2017, Berrett-Koehler Publishers), was a #1 New Release under Corporate Law on Amazon.