Corporate Benefit
/ˈkɔːrpərət ˈbɛnɪfɪt/
Definitions
- (n.) An advantage or profit that accrues to a corporation as an entity, distinct from benefits to individual shareholders or officers.
The merger was structured to ensure corporate benefit rather than just individual gain.
- (n.) A purpose or action that serves the best interest of the corporation, often used to justify decisions under fiduciary duties.
Directors must act in a way that promotes corporate benefit and viability.
Forms
- corporate benefit
Related terms
See also
Commentary
The term is often central in evaluating directors' and officers' decisions, especially to establish that their actions serve the corporation's interests rather than private interests.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.