ESOP Plus Benefit Corporation: Ownership Culture with Benefit Accountability

  title={ESOP Plus Benefit Corporation: Ownership Culture with Benefit Accountability},
  author={Nancy B. Kurland},
  journal={California Management Review},
  pages={51 - 73}
Stakeholder capitalism seeks to benefit multiple stakeholders, rather than primarily shareholders. Two increasingly popular forms are the employee stock ownership plan (ESOP) and the benefit corporation. But what happens when a company combines these structures? While the benefit corporation’s expanded stakeholder mandate may appear to come at the expense of employee-owner wealth and the potential for shared power, in fact they can complement one another. Being a benefit corporation can… 

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