I don’t know much background here so I may be off base, but it’s possible that the motivation of the trust isn’t to bind leadership’s hands to avoid profit-motivated decision making, but rather to free their hands to do so, ensuring that shareholders have no claim against them for such actions, as traditional governance structures might have provided.
Incorporating as a Public Benefit Corporation already frees directors’ hands; Delaware Title 8, §365 requires them to “balance the pecuniary interests of the stockholders, the best interests of those materially affected by the corporation’s conduct, and the specific public benefit(s) identified in its certificate of incorporation”.
I don’t know much background here so I may be off base, but it’s possible that the motivation of the trust isn’t to bind leadership’s hands to avoid profit-motivated decision making, but rather to free their hands to do so, ensuring that shareholders have no claim against them for such actions, as traditional governance structures might have provided.
Incorporating as a Public Benefit Corporation already frees directors’ hands; Delaware Title 8, §365 requires them to “balance the pecuniary interests of the stockholders, the best interests of those materially affected by the corporation’s conduct, and the specific public benefit(s) identified in its certificate of incorporation”.