Corporate Sustainability and Social Entrepreneurship Part Two

As a purely legal matter, corporate sustainability and social entrepreneurship require that we begin by asking the following question: Does the law of corporate governance permit social good as a primary focus and aim of corporate action?

Some argue yes, claiming that social entrepreneurship, for example, “can increase shareholder value both socially and financially and therefore [such] decisions directly correlate with shareholder profit maximization and are within the scope of corporate governance.” [Sustainability Meets Profitability, November 1, 2007]

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Peter S. Bauman - Senior Commercial Litigation Attorney Callahan & Blaine, (714) 241-4444 (office) / (949) 842-1720 (mobile) | Attorney Advertising

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