
Permalink for comment 475912
Member since:

Well, I'm no lawyer but I've read it enough times. For example you can see in this article: the author asks if a company is allowed to sacrifice profit for social responsibility. "First, may firms sacrifice profits in the social interest – given their fiduciary responsibilities to shareholders? Does management have a fiduciary duty to maximize corporate profits in the interest of shareholders, or can it sacrifice profits by voluntarily exceeding the requirements of environmental law?". Now, if a company has a solid case against another company which would bring them profit, wouldn't you agree share holders would be pissed if the company didn't pursue it?

Reply Parent Score: 1