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The First Amendment and the Business Corporation$
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Ronald J. Colombo

Print publication date: 2014

Print ISBN-13: 9780199335671

Published to Oxford Scholarship Online: November 2014

DOI: 10.1093/acprof:oso/9780199335671.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 25 January 2022

The Postmodern Corporation

The Postmodern Corporation

(p.55) Chapter 3 The Postmodern Corporation
The First Amendment and the Business Corporation

Ronald J. Colombo

Oxford University Press

Chapter 3 introduces the postmodern corporation, a recent addition to the corporate landscape. Whereas the modern corporation is characterized primarily by the drive to maximize shareholder profits, the postmodern corporation is characterized by the coming together of entrepreneurs, investors, employees, and customers around a shared set of principles or a shared vision of the common good. Postmodern corporations are the result of a modern trend to integrate one's private values with one's economic choices, including one's choices concerning employment, patronage, and investment. For some, postmodern corporations serve to restore the historical linkage faith and work. The advent of the postmodern corporation has been evidenced by the proliferation of B corporations, the benefit corporation movement, and the socially responsible investor movement. The postmodern corporation can assume the form of a genuine community and, consequently, can properly be characterized as an association.

Keywords:   postmodern corporation, benefit corporation, B corporation, community, faith and work, socially responsible investors

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