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by mullingitover
4774 days ago
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It seems reasonable on paper, but good luck getting entrenched powers to agree to eliminate fiduciary duty for officers of the corporation. It's one of the fundamentals of modern business. The argument against will be simple: investors are free to use the profits from the corporation for whatever charitable purposes they see fit, and it's not the officers' place to determine what the 'positive social impact' should be. |
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