Benefit Corporation Law and Governance: Pursuing Profit with Purpose by Rick Ale

Description: Benefit Corporation Law and Governance by Rick Alexander There are already 3,000 benefit corporations in the United States, and the number of companies, as well as the number of investors, is increasing. This book is primarily intended to explain to lawyers why their clients may want this form of corporation, how to help them opt in, and then how to operate - although its also intended to be usable by interested non-lawyers. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Corporations with a ConscienceCorporations 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. Author Biography Frederick H. Alexander is head of legal policy at B Lab and counsel at Morris, Nichols, Arsht & Tunnell. He has been recognized as one of the ten most highly regarded corporate governance lawyers worldwide and selected as Delaware Corporate Law Lawyer of the Year. Review "Important new ideas that can change the world are both misunderstood and fragile. Understanding makes them stronger but alone doesnt guarantee that they will make the difference they could and should. Benefit corporations are one of those new ideas and one sorely needed if the capital markets are going to contribute to, rather than detract from, sustainable development. Ricks book elegantly explains this idea to a wide range of audiences, thereby making it stronger. The work he and B Lab are doing makes it stronger still. Thanks to them, I am hopeful that the benefit corporation can be for the 21st century what the traditional corporation was for the 20th." —Robert Eccles, Chairman, Arabesque Partners "This book is the most important book about corporate law in decades, if not ever." —John Montgomery, Chairman Emeritus, Montgomery and Hansen "The magnitude of the crises impacting our world, and particularly our country, is certainly not disputed—by liberals or conservatives, men or women, African Americans or White Anglo-Saxon Protestants, members of the 1 percent or the working poor. The nature of such crises is also not in doubt—the fact that the climate is changing and negatively impacting the environment, the fact that there is a wider gap between rich and poor in this country than at any time since 1929, the fact that there is a sweeping tide of gun violence, and the fact that the Black Lives Matter movement is needed to address continuing overt and covert discrimination. Rick Alexander clearly articulates the need for a new corporate form to effect the significant change that we so desperately need." —Suz Mac Cormac, Chair, Social Enterprise and Impact Investing Group, and Cochair, Energy and Clean Technology Groups, Morrison & Foerster "Alexanders new book covers both the theory and the practice of benefit corporation law in a practical guide that anyone interested in the subject should own." —Janine Guillot, Director of Capital Markets Policy and Outreach, Sustainability Accounting Standards Board "This book is an excellent study of the evolution of corporate governance and the emerging role of the corporation as a public benefit entity. I highly recommend it to those who want to understand the challenges of corporate governance as well as the opportunities for the corporation to have a meaningful social impact in the global economy." —Larry Sonsini, Chairman, Wilson Sonsini Goodrich & Rosati "As the CEO of a public benefit corporation, I really appreciate having a readily accessible, easily understood resource. This book explains both the how and the why of this new corporate form that will help us transform business and create long-term value for all our stakeholders. I am proud to endorse it." —Lorna Davis, CEO, DanoneWave, and Chief Manifesto Catalyst, Danone "Rick is a thoughtful and assiduous leader pushing the benefit corporation movement forward. With this book, hes written an indispensable guide for anyone seeking to learn more about the benefit corporation form. Any entrepreneur or executive setting his or her company down a path in pursuit of purpose would do well to pick it up." —Michal Rosenn, General Counsel, Kickstarter "An insightful, practical, enriching book for any attorney or executive looking for a guide on how best to navigate the world of benefit corporations." —Margaret M. Foran, Chief Governance Officer, Senior Vice President, and Corporate Secretary, Prudential Inc. "Rick Alexanders new book takes us through a review of the corporation and its role in society, pointing out some of the structural gaps implicated in the traditional form and making a case for the development of the benefit corporation. As one of the creators of this structure, Alexander is uniquely suited to write this book, and he does so effectively, concisely, and with intelligence." —Hillary A. Sale, Sullivan & Cromwell Visiting Professor, Harvard Law School "Rick Alexander has written a book that is of great importance to the field of responsible business and the benefit corporation movement. Not only does it succeed in explaining the basis and practical implementation of benefit corporations in lucid and engaging terms, but it also places them in the context of existing corporate law and theories of the firm. It does all this in a form that is both accessible to the general interested reader and relevant to the most knowledgeable legal expert. It is therefore a triumph of clear thinking and precise exposition from which we will all benefit immensely." —Colin Mayer, Peter Moores Professor of Management Studies, Saïd Business School, University of Oxford "AltSchool was created to advance innovation in education and to improve access to quality schooling. Becoming a certified B Corporation and a public benefit corporation helps codify and support our mission. In AltSchools case, delivering a broad social impact goes hand-in-hand with creating a large and thriving business. This book should be a valuable resource for organizations interested in pursuing a more socially responsible way to do business now and in the future." —Max Ventilla, founder and CEO, AltSchool Review Quote "Important new ideas that can change the world are both misunderstood and fragile. Understanding makes them stronger but alone doesnt guarantee that they will make the difference they could and should. Benefit corporations are one of those new ideas and one sorely needed if the capital markets are going to contribute to, rather than detract from, sustainable development. Ricks book elegantly explains this idea to a wide range of audiences, thereby making it stronger. The work he and B Lab are doing makes it stronger still. Thanks to them, I am hopeful that the benefit corporation can be for the 21st century what the traditional corporation was for the 20th." --Robert Eccles, Chairman, Arabesque Partners "This book is the most important book about corporate law in decades, if not ever." --John Montgomery, Chairman Emeritus, Montgomery and Hansen "The magnitude of the crises impacting our world, and particularly our country, is certainly not disputed--by liberals or conservatives, men or women, African Americans or White Anglo-Saxon Protestants, members of the 1 percent or the working poor. The nature of such crises is also not in doubt--the fact that the climate is changing and negatively impacting the environment, the fact that there is a wider gap between rich and poor in this country than at any time since 1929, the fact that there is a sweeping tide of gun violence, and the fact that the Black Lives Matter movement is needed to address continuing overt and covert discrimination. Rick Alexander clearly articulates the need for a new corporate form to effect the significant change that we so desperately need." --Suz Mac Cormac, Chair, Social Enterprise and Impact Investing Group, and Cochair, Energy and Clean Technology Groups, Morrison & Foerster "Alexanders new book covers both the theory and the practice of benefit corporation law in a practical guide that anyone interested in the subject should own." --Janine Guillot, Director of Capital Markets Policy and Outreach, Sustainability Accounting Standards Board "This book is an excellent study of the evolution of corporate governance and the emerging role of the corporation as a public benefit entity. I highly recommend it to those who want to understand the challenges of corporate governance as well as the opportunities for the corporation to have a meaningful social impact in the global economy." --Larry Sonsini, Chairman, Wilson Sonsini Goodrich & Rosati "As the CEO of a public benefit corporation, I really appreciate having a readily accessible, easily understood resource. This book explains both the how and the why of this new corporate form that will help us transform business and create long-term value for all our stakeholders. I am proud to endorse it." --Lorna Davis, CEO, DanoneWave, and Chief Manifesto Catalyst, Danone "Rick is a thoughtful and assiduous leader pushing the benefit corporation movement forward. With this book, hes written an indispensable guide for anyone seeking to learn more about the benefit corporation form. Any entrepreneur or executive setting his or her company down a path in pursuit of purpose would do well to pick it up." --Michal Rosenn, General Counsel, Kickstarter "An insightful, practical, enriching book for any attorney or executive looking for a guide on how best to navigate the world of benefit corporations." --Margaret M. Foran, Chief Governance Officer, Senior Vice President, and Corporate Secretary, Prudential Inc. "Rick Alexanders new book takes us through a review of the corporation and its role in society, pointing out some of the structural gaps implicated in the traditional form and making a case for the development of the benefit corporation. As one of the creators of this structure, Alexander is uniquely suited to write this book, and he does so effectively, concisely, and with intelligence." --Hillary A. Sale, Sullivan & Cromwell Visiting Professor, Harvard Law School "Rick Alexander has written a book that is of great importance to the field of responsible business and the benefit corporation movement. Not only does it succeed in explaining the basis and practical implementation of benefit corporations in lucid and engaging terms, but it also places them in the context of existing corporate law and theories of the firm. It does all this in a form that is both accessible to the general interested reader and relevant to the most knowledgeable legal expert. It is therefore a triumph of clear thinking and precise exposition from which we will all benefit immensely." --Colin Mayer, Peter Moores Professor of Management Studies, Sad Business School, University of Oxford "AltSchool was created to advance innovation in education and to improve access to quality schooling. Becoming a certified B Corporation and a public benefit corporation helps codify and support our mission. In AltSchools case, delivering a broad social impact goes hand-in-hand with creating a large and thriving business. This book should be a valuable resource for organizations interested in pursuing a more socially responsible way to do business now and in the future." --Max Ventilla, founder and CEO, AltSchool "Important new ideas that can change the world are both misunderstood and fragile. Understanding makes them stronger but alone doesnt guarantee that they will make the difference they could and should. Benefit Corporations are one of those new ideas, and one sorely needed if the capital markets are going to contribute to, rather than detract from, sustainable development. Ricks book elegantly explains this idea to a wide range of audiences, thereby making it stronger. The work he and B Lab are doing makes it stronger still. Thanks to them, I am hopeful that that the Benefit Corporation can be for the 21st Century what the traditional corporation was for the 20th." Robert G. Eccles Chairman Arabesque Partners Promotional "Headline" Benefit corporations include positive impact on society, workers, the community, and the environment as part of their legally defined goals in addition to profit. This is the first authoritative guide for attorneys and executives to the statutes, rules, and requirements for this growing and radically different type of corporation Description for Sales People FIRST TO MARKET: There is no other authoritative legal guide to benefit corporations available. SERVES A GROWING MOVEMENT: More than thirty states have added benefit status to their corporate law, yet most business attorneys--and even benefit corporation executives--are flying blind without references. A REQUIREMENT FOR B CORPORATIONS: All B Corps will be required to convert to benefit status legally to keep their certifications, providing a ready-made market of hundreds of companies. Details ISBN1523083581 Author Rick Alexander Publisher Berrett-Koehler Publishers ISBN-10 1523083581 ISBN-13 9781523083589 Format Hardcover Imprint Berrett-Koehler Publishers Subtitle Pursuing Profit with Purpose Place of Publication Oakland Country of Publication United States DEWEY 346.73066 Short Title Benefit Corporation Law and Governance Language English UK Release Date 2017-10-16 Pages 304 Year 2017 Publication Date 2017-10-16 AU Release Date 2017-10-16 NZ Release Date 2017-10-16 US Release Date 2017-10-16 Audience General We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:137624997;

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