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By Risa De Ferrari, Green Chamber of Commerce Certified Benefit Corporations and B Corps are a new classification of business joining the ranks of certifications such as: sole proprietorships, standard incorporations (C Corps or S Corps), and limited liability corporations (LLCs) to name a few. Benefit Corporations are unique in that they build upon the [...]
by Shreya Barot, American Sustainable Business Council The American democratic principles of “government of the people, by the people, for the people” are now being endangered by an overreaching Supreme Court ruling – Citizens United v. FEC. The Story of Citizens United, by the famous maker of The Story of Stuff, illustrates beautifully how the [...]
by Melinda Cheel, RSF Social Finance RSF is committed to transforming the way the world works with money. Transformation of our economic system is multifaceted and complex so we look to our values to inform our actions for creating such change. We value interdependence and believe that as transformation takes place, economic success will be [...]
What is a Benefit Corporation? A new class of corporation that meets higher standards of: Purpose creates a material positive impact on society and the environment, as measured by a third party standard Accountability redefines fiduciary duty to include consideration of the impact of decisions on all stakeholders Transparency reports on overall social and environmental [...]
MD State Senator Jamie Raskin recently wrote an insightful blog post concerning the importance of passing Benefit Corporation legislation. Jamie Raskin represents Silver Spring and Takoma Park, MD. He introduced SB 690, which became, in April 2010, the first Benefit Corporation law in America. In his post, he states, “There is a structural cause for [...]
It’s official, Benefit Corporations are a reality. On October 1, Maryland Benefit Corporation legislation took effect. Eleven companies registered with the state to become trailblazers for a new type of business. The first of its kind, the Maryland legislation allows companies to organize as Benefit Corporations, a new class of corporation that are required to create [...]
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