“Decisions being made with short-term and financial-only perspectives are leading to a moral erosion within corporations and society.”

As I posted before, generally, corporations in America are for-profit or “C” corporations. Directors are obligated to maximize profit or they may be sued by share holders for negligence. These are the capitalist corporations typically derided by environmentalists and humanitarians because many act without regard to impact to the planet. However, thirty-five states allow the incorporation of benefit or “B” corporations that give directors and officers of mission-driven businesses the legal protection to pursue an additional mission and consider additional stakeholders. Patagonia is an example of a benefit corporation.