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Shareholders First? Not Necessarily

Mission-Based Biz Model Might Benefit Biotechs

By Trista Morrison

Monday, April 23, 2012

This year, California became the seventh state to allow benefit corporations and the first state to allow flexible purpose corporations. Both are new business structures with a non-profit flare; they let companies pursue a social mission and make decisions based not only on profit maximization for shareholders, but on non-financial factors such as the interests of their employees, community and environment.

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