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Business, 16.03.2020 23:20 corban13

Benefit corporations differ from traditional corporations in three main ways. The main purpose is to benefit the , so directors must consider the impact of their decisions on society and the . Shareholders have an additional right of private action, called a , that allows them to sue the corporation for failure to pursue the purpose. Finally, benefit corporations must issue an annual on its performance and include a third-party standard of assessment.

Fill in the blanks with words that would best complete the passage.

1. public
2. environment
3. benefit enforcement proceeding
4. financial statement
5. benefit report
6. shareholders
7. IRS
8. derivative suit

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Answers: 3

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