Earlier quoted context omitted.
They did, they’re called benefit corporation laws, and here’s a map of the states that have passed them: https://en.wikipedia.org/wiki/Benefit_corporation#/media/Fil... I don’t think there’s some practical way to force existing corporations to include something in their charter, if that’s what you’re suggesting. Business organization is something that a business chooses to do.
> I don’t think there’s some practical way to force existing corporations to include something in their charter Laws are but a pen stroke away. No existing nor new C corp and their executives shall be be considered in breach of their fiduciary duties or obligations if they take an action they deem to be in the best interests of society at large, as long as it’s not fraudulent or otherwise illegal behavior.
1. Corporate charters and form of incorporation are consensually chosen by those involved.... you're suggesting something that is in violation of that consent. This would have crazy unintended consequences. Remember that a corporation is not necessarily a business. Imagine an investment holding company, or a building cooperative, where the directors could have a blank check to use money for some unrelated public benefit. That's completely bonkers.
2. PBCs don't get to do any "action they deem to be in the best interests of society at large"... they get to do things that are in the interest of specific public benefit goals which they have defined in their charter and those are balanced with the interests of shareholders. Everyone involved knows and agrees with what these specific public benefits are, which is an important thing.