Question
Here's what I'd like you to do. In your initial post, I'd like you to address the historical understanding of a corporation's purposes and objectives.
Here's what I'd like you to do. In your initial post, I'd like you to address the historical understanding of a corporation's purposes and objectives. What has been the traditional approach to the objectives and purposes of corporations? Then, I'd like you to consider if, in our present age, those are the only objectives and purposes of corporations. As time has gone on, are there other objectives and purposes of corporations that society (and courts) now accept? If so, what are they, and what leads you to that conclusion? And ultimately, what do you think about those potentially expanded objectives and purposes of corporations? Are they proper objectives and purposes? Should those expanded objectives and purposes be imposed on corporations? Is it the obligation of corporations in our society to embrace those expanded purposes and objectives? Are those (potentially) expanded objectives and purposes fair to those who own corporations (the shareholders)? You don't necessarily have to answer all these questions, but I wanted to throw some things out there to get you thinking.
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