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Foley & Lardner LLP

The Purpose of a Corporation

Foley & Lardner LLP on

In 1932, Adolf Berle and Gardiner Means introduced the then-radical thesis that corporations are accountable not only to their stockholders, but also to other “stakeholders” such as customers, employees, suppliers and the...more

Cozen O'Connor

Benefit Corporations – A New Type Of Corporation – Are Now Authorized In Pennsylvania

Cozen O'Connor on

On January 23, 2013, the Pennsylvania Benefit Corporation Act (the Act) became effective. The Act authorizes a new type of for-profit business corporation known as a benefit corporation. Pennsylvania is now one of 12 states...more

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