▲ | ndiddy 14 hours ago | |
The only protection that the "public benefit corporation" status provides is that investors can't sue the company for failing to maximize shareholder value. There's lots of other avenues they can take to make the company do what they want (assuming sufficient share ownership) such as pressuring the board, voting in directors, or converting the company to a regular corporation (it's not like a 501(c)(3) where this isn't possible in most cases). |