Can an ESOP company board take into account the interests of the company's stakeholders (employees, community, vendors, etc.) when making corporate decisions? The answer is: it depends. In this presentation, we'll look into the legal and practical aspects of taking a stakeholder-oriented approach to governance by examining a director's fiduciary duties and how becoming a benefit corporation may (or may not) allow for stakeholder considerations.
Learning Objectives:
Understand the various duties that directors have within corporations
Better grasp the "benefit corporation" laws and how they may differ among states
Know how and when stakeholder considerations can be taken into account in corporate decision-making
