B Corp Certification vs. Shareholder Primacy: Can Hybrid Governance Work?
B Corp Certification vs. Shareholder Primacy: Can Hybrid Governance Work? I. Introduction The tension between profit maximization and social responsibility lies at the heart of modern corporate governance. Traditionally, Anglo-American corporate law has been grounded in the principle of shareholder primacy—the notion that a corporation’s ultimate goal is to increase shareholder value. However, the emergence of the B Corporation certification and the broader benefit corporation legal structure marks a conscious shift toward a more inclusive Read more