15 Feb '12, 3pm

The Benefit Corporation: Transforming Corporations from Psychopaths to Good Citizens

By Francesca Rheannon [Part One of a Two Part Series] The 2003 documentary, The Corporation , characterizes the modern corporation as suffering from psychopathic personality disorder. From “callous unconcern for the feelings of others” to “failure to conform to social norms with respect to lawful behaviors,” the film lists the features of the disorder and applies them to the typical behavior of large corporations. Fiduciary Duty to Shareholders: The Perverse Incentive But the law itself is one major reason why corporations so often flout “social norms with respect to lawful behaviors” – as long as the penalty for getting caught is less than the cost of complying with it. That’s because the fiduciary duty of the corporation is solely to maximize the return to its shareholders. (In fact, the personal assets of CEO’s can be forfeit if shareholders successfully sue for breach ...

Full article: http://www.csrwire.com/blog/posts/308-the-benefit-corpora...

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New report on how corporations corrupt #science released today @ #AAASmtg Copies at our booth 217.

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