AUBLR Volume 2 Issue 1

Page 63

2012

CHOOSE YOUR OWN MASTER

53

environmental-focused objective in a corporation’’s charter. If a benefit corporation statute, or other social enterprise statute, is passed, the Article argues that the statute should require companies to choose a primary master. The question remains, however, whether significant numbers of investors will invest in a corporation that chooses as its primary master something other than shareholder wealth maximization. Ultimately, the market will decide whether these social enterprise business forms will flourish or whether they will languish on the books with relatively little use.251

251. See generally RIBSTEIN, supra note 82.


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