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Business Law Section 2021 Fall Meeting: Corporate Purpose

Business Law Section 2021 Fall Meeting: Corporate Purpose

Join the Business Law Section for their Fall Meeting! Distinguished panelists will speak on topics related to corporate purpose, including:

Corporate Purpose: Stakeholder vs. Shareholder Primacy in Business Law Today

  • Evaluating factors other than profit maximization in board decisions
  • How the dramatic rise of ESG is changing corporate decision making and the role of lawyers
  • ESG cases and investigations
  • Director duties: BCL 717(b) and other state laws
  • What are the differences between publicly traded and privately-owned businesses – especially in light of changes coming at the SEC
  • The role of public benefit corporations: BCL Art. 17

Business Law Aspects of Community Economic Development

  • The nature, purposes, and structure of public and private organizations that promote business development
  • Donations vs. investment capital in economic development carried on in public interest by nonprofits, e.g., “venture development organizations” directly investing in startups (and helping them raise capital)
  • Public economic development: tax incentives vs. capital assistance
  • Worker-owned companies

The Intersection of Nonprofit and For-Profit Purposes

  • Nonprofits that develop commercial streams of revenue
  • Unrelated business income
  • MEETH case: board duty of obedience to the charitable mission
  • For-profit subsidiaries, joint ventures and public benefit corporations

The Primacy of Corporate Purposes in the Not-for-Profit Context

  • Takeaways from the NY Attorney General’s complaint against the NRA
  • Fiduciary duties of directors and officers; related party transactions
  • Appellate Division decision in the Attorney General’s enforcement action against The Lutheran Care Network, Inc. to enjoin defendant from exercising unlawful operational control over its affiliates


Start Date:
  • October 26, 2021
Start Time:
  • 1:00 PM
End Time:
  • 5:00 PM
Areas Of Professional Practice Credit(s):
  • 4.5
Total Credit(s):
  • 4.5
  • Virtual Participation
  • Webinar
Product Code:
  • 0LC51
Section Member Price: $100.00
NYSBA Member Price: $125.00 Join (or renew) for special member pricing
Non-Member Price: $175.00
Sponsoring Committee Group
  • Committee On Continuing Legal Education
  • Business Law Section