B corporations have no duty to maximize shareholder value even when there is a change of control.

Question

Quizplus · Accepted Answer

B corporations, as opposed to traditional corporations, have a legal responsibility to consider the impact of their decisions on their stakeholders, including employees, customers, the community, and the environment. This means that while they still have a duty to generate profits, they do not have a sole obligation to maximize shareholder value. This responsibility remains even in the event of a change of control or ownership.

B Corporations Have No Duty to Maximize Shareholder Value Even