Corporate law redefined: corporations as persons with purpose, benefiting stakeholders.
The article presents a new way to understand corporate law by focusing on the idea that a corporation is like a person with a purpose. This purpose guides how the corporation should benefit its stakeholders and shareholders. By looking at corporate law through this lens, we can better address important issues like shareholder activism and the rights of different types of corporations. This approach offers more nuanced insights and helps navigate the complexities of modern corporate law.