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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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The Postmodern Corporation

The Postmodern Corporation

Chapter:
(p.55) Chapter 3 The Postmodern Corporation
Source:
The First Amendment and the Business Corporation
Author(s):

Ronald J. Colombo

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199335671.003.0004

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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