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Changing the Rules of the Game: A Solution to the BP Problem
Posted by: Jay Coen Gilbert B Lab June 14th, 2010Wall Street caused the BP disaster. Short-termism is the problem. The Benefit Corporation is a solution. The Old Rules For public companies, decisions are driven by the quarterly earnings call. Meet the numbers, keep your job. Beat the numbers, collect your bonus. The rules of this game are stunningly simple. And they are backed by [...]
‘Due Consideration’ and The Supreme Court
Posted by: Jay Coen Gilbert B Lab October 6th, 2009B Corporations have voluntarily adopted a higher standard of legal accountability than their traditional corporate counterparts. B Corps are required to take into ‘due consideration’ the impact of their decisions not only on their shareholders, but also on non-shareholder interests, such as their employees, suppliers, community, and environment. B Corp Legal Framework ‘Due consideration’. What [...]
Banking on Values and the Banking Bailout
Posted by: Jay Coen Gilbert B Lab October 5th, 2009This past spring, eleven of the world’s leading sustainable banks created a new alliance to build a positive alternative to a global financial system in crisis (full press release below). These banks have assets of over $10B and serve over 7 million customers in 20 countries. (See list below) Many have been around for decades. [...]
An Invitation from President Clinton
Posted by: Jay Coen Gilbert B Lab October 4th, 2009I’m a fan of the Clinton Global Initiative. I’m a fan of former Presidents risking their political capital and I think CGI has been and hopefully will continue to play a significant leadership role engaging the private sector in creating public benefit. CGI recently hosted an event titled ‘Creating Value for Business and Society’. The [...]
A buddhist monk and salad dressing
Posted by: Jay Coen Gilbert B Lab October 1st, 2009Tsering is the name of the Tibetan Buddhist monk who greeted our ragged group of high school students at the Delhi train station. Tsering had traveled 15 hours overnight from Dharamsala by public bus to meet us and ride right back up to Dharamsala with us. We had just finished our own 16 hour overnight [...]
The Golden Rule of Business
Posted by: Jay Coen Gilbert B Lab October 1st, 2009Do business with others as you would have them do business with you. As it is said — this is the whole of the Law; the rest is commentary. ‘Do unto others’ is the sum total of every inspiring word every written or spoken about sustainable business, social investing, local living economies, green jobs, social [...]
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