alt Hacker News> Beyond following the law, what are citizen duties?
Simple example: let’s say there’s an environmental law preventing corporation to make more profits. The good citizen should not try lobbying to repeal this law, even if this would be perfectly legal and lead to better outcome for shareholders. If CEO acts as good citizen and refuses to follow advice of the board and take this route, this should be legally defensible position.
OK but that would conflict with the charters of most companies. The charter instructs directors/officers to make profit for shareholders. It would be a significant undertaking to compel every company to somehow become a public benefit corporation.