States consider law to aid companies that mix profit, social value

03/9/2010 | National Public Radio (text and audio)

Entrepreneurs often have certain social values in mind when they start a company -- but once the business goes public, the law says that shareholders have a right to expect profits to be put before social goals. Now seven states are mulling laws that would allow companies to declare themselves "for-benefit corporations" and to adopt bylaws requiring directors to balance profitability and social responsibility.

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