B-Corps and the Accountability Paradox
Introduction Since introduction to the Maryland Legislature in 2010, Public Benefit Corporations (“PBCs”) have been celebrated as a modern attempt to reconcile profit with purpose. What other corporation has its own month? From Patagonia’s environmental activism to Anthropic’s commitment to the safe development of transformative AI, the PBC label has come to represent ethical business practices in the eyes of many. States such as Delaware invited companies to shift their corporate...