Abstract
Over the last several years, the demand for socially responsible companies has exploded. Many states have responded to this demand by offering a new corporate form, the public benefit corporation (“PBC”), which arguably allows companies to prioritize social benefit in a way that traditional corporations cannot. The technology industry has adopted the PBC structure at higher rates than corporations in other industries. This Note offers reasons for the appeal of PBCs to corporations generally and to the technology sector in particular. This Note also explores why technology companies may be able to achieve the goals discussed without the need for PBCs.
Citation
Alanna Potter, Purpose or Profit?: The Rise of Public Benefit Corporations in the Technology Industry, 20 Duke Law & Technology Review 90-115 (2023)
Available at: https://scholarship.law.duke.edu/dltr/vol20/iss1/4