In recent years, there has been growing pressure on profit-seeking corporations to pursue social goals. In light of the pandemic, social inequalities, and growing concerns about climate change, this trend will likely increase. This reading group will survey the different legal mechanisms for combining profit and social missions, including the recent IPO of the special benefit corporation, Lemonade, California’s law requiring the appointment of women to corporate boards, and Opportunity Zone funds, the recent government program for increasing investment in low-income communities. The inquiry will focus on what types of structures best align investors’ interest in profit-making with different social purposes.
This Readings section may count as an LLM-LE elective.
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7:00 to 8:50 PM
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