Shareholders regarding expenditures by corporations

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Reference no: EM132292417

Because of the potential tension between boards of directors, officers, and shareholders regarding expenditures by corporations from the corporate funds on corporate social responsibility projects, etc., some jurisdictions have, by statute, allowed the formation of a new type of corporation in which specific matters about such expenditures are often set out in the Articles of Incorporation and other corporate documents. What type of corporation is this new corporation?

Reference no: EM132292417

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