Public Benefit Corporation
A special legal form of corporation that allows a company to incorporate public benefit into its charter alongside profit-seeking. Anthropic employs this structure in conjunction with the LTBT to form a two-tier governance architecture.
Timeline (last 90 days)
The Long-Term Benefit Trust mechanism draws on the ideas of the Public Benefit Corporation (PBC) and stakeholder governance, writing AI safety priorities into governance rules so that safety objectives are legally binding.
PBCs must periodically (usually every two years) disclose their progress on their public mission to shareholders and the public, and the disclosure must use widely recognized standards.
If a PBC fails to fulfill its public mission, shareholders may file a lawsuit.
The Public Benefit Corporation (PBC) structure was promoted by organizations such as B Lab.
All Facts (4)
The Long-Term Benefit Trust mechanism draws on the ideas of the Public Benefit Corporation (PBC) and stakeholder governance, writing AI safety priorities into governance rules so that safety objectives are legally binding.
50%UnverifiedPBCs must periodically (usually every two years) disclose their progress on their public mission to shareholders and the public, and the disclosure must use widely recognized standards.
50%UnverifiedIf a PBC fails to fulfill its public mission, shareholders may file a lawsuit.
50%UnverifiedThe Public Benefit Corporation (PBC) structure was promoted by organizations such as B Lab.
50%