Arkansas Statutes

§ 4-36-301 — Standard of conduct for directors

Arkansas·Title 4
(a)In discharging the duties of their respective positions and in considering the best interests of the benefit corporation, the board of directors, committees of the board, and individual directors of a benefit corporation:
(1)Shall consider the effects of an action or inaction on:
(A)The shareholders of the benefit corporation;
(B)The employees and work force of the benefit corporation, its subsidiaries, and its suppliers;
(C)The interests of customers as beneficiaries of the general public benefit or specific public benefit purposes of the benefit corporation;
(D)Community and societal factors, including those of each community in which offices or facilities of the benefit corporation, its subsidiaries, or its suppliers are located;
(E)The local and global environment;
(F)The sh

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Legislative History

Added by Act 2013, No. 1388,§ 1, eff. 8/16/2013.

Nearby Sections

15
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