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Business Law Section 2021 Fall Meeting: Corporate Purpose

Business Law Section 2021 Fall Meeting: Corporate Purpose


Business Law is About More than the Pursuit of Shareholder Wealth

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


After the program, the winners of the 2020 Business Law Annual Student Writing Competition will be honored.  Please visit for more information.

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
  • Business Law Section
  • Committee on Continuing Legal Education