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sirspacey10/01/20240 repliesview on HN

Yes, this is the real legal accomplishment of B-Corps!

By law and precedent a C-Corp’s only obligation is to shareholders, thanks to a case from almost a century ago: https://en.m.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.#:~:t....

A B-Corp was the first and somewhat successful attempt to create a legal framework where company executives are allowed to work on behalf of all their stakeholders without it creating an automatic basis for a suit.

Generally, people who care very deeply about a thing bring a higher ethical standard than any regulatory body can impose.