Wall 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 [...]

B 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 [...]

This 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.  [...]

I’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 [...]

Tsering 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 [...]