I know the board has some fiduciary duty, but can a company put some guardrails on it when they go public, like saying the environment will always come first, or employees or customers or something?

  • @Fal
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    fedilink
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    59 months ago

    Also if the shareholders vote for policy X, the company cannot work against policy X or ignore policy X.

    This isn’t really true. And is actually exactly what the law is meant to protect. The 51% owner isn’t allowed to purposely tank the company and screw over the other 49% just because they vote.