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This is known as the shift from maximizing shareholder value to maximizing stakeholder value.

If you have a new company, you simply register as one of these new classes of corporation.

The FPC classification requires that you list your “special purpose” in the organizing documents.

If a corporation takes other stakeholders into account in its decision making — such the environment, community, employees or suppliers — and that adversely affects the profits of the corporation, the shareholders may file a lawsuit against the directors of the corporation for failing to maximize shareholder value.

Obviously, this poses a huge problem for socially and environmentally responsible corporations.

These new legal structures are revolutionary in two ways.

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