Question

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

Answer 1

Step-by-step explanation:

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