B Lab is a nonprofit organization dedicated to using the power of business to solve social and environmental problems.
©Copyright 2011 B Lab. All rights reserved
Calling all sustainable business leaders. You are officially on notice. If it wasn’t clear before, it is crystal clear now. If you want to maintain the social mission of your company, don’t incorporate in Delaware. In a Sept. 9 decision in eBay’s legal fight with Craigslist, the Delaware courts affirmed that stockholder wealth maximization is [...]
Sanford Lewis, the attorney for Harrington Investments behind the recent Intel decision to include sustainability as a required consideration of a committee of its Board of Directors, posted this interesting piece on CRSWire. It is about different approaches to corporations adopting the Precautionary Principle to corporation risk management and governance. It is a great read, so check it out.
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 [...]
Recent Comments