ConceptPublic Benefit Corporation / PBC
Public Benefit Corporation
A corporate form permitted under the laws of some United States states. It requires a company to state a specific public benefit mission in its charter and to publish periodic benefit reports; board decisions must balance shareholder interests with the stated mission rather than pursuing profit maximization alone.
Timeline (last 90 days)
Oct 19
A public benefit corporation (PBC) is a corporate form permitted by law in some U.S. states, requiring the company to explicitly state and regularly report a public benefit mission in addition to pursuing shareholder returns, and the board must balance shareholder interests with the public benefit mission when making decisions.
Unverified50%