15 Oct '11, 3pm

Here's innovative legislating - two new types of corporation where the Board can pursue other benefits besides profit

Even as Wall Street is being occupied and corporations are reviled, there is a revolution quietly raging across the country that empowers corporations to be a strong force for good. This week, California joined that revolution when Governor Jerry Brown created two new classes of corporations for businesses that seek to pursue both profit and purpose: Benefit Corporations and Flexible Purpose Corporations. These new legal structures are revolutionary in two ways. First, they broaden the duty of a company beyond maximizing shareholder value to include maximizing stakeholder value, such as operating the business in an environmental and social responsible manner. Second, they increase transparency and accountability. Though it is the first state to pass the Flexible Purpose Corporation type, California is the sixth state to approve the Benefit Corporation classification. Here ...

Full article: http://www.care2.com/causes/california-creates-two-new-cl...

Tweets

California Creates Two New Classes of Corporati...

care2.com 13 Oct '11, 7am

Even as Wall Street is being occupied and corporations are reviled, there is a revolution quietly raging across the countr...

Dare to Dream: Teenage Social Entrepreneurs - Justmeans

Dare to Dream: Teenage Social Entrepreneurs - J...

justmeans.com 14 Oct '11, 11am

Dare to Dream: Teenage Social Entrepreneurs Hayley Hoverter is a powerful, passionate and incredibly inspiring social entr...

Benefit Corporation Legislation Comes to Califo...

csrwire.com 10 Oct '11, 6pm

Abacus Wealth Partners; Academies for Social Entrepreneurship; Accountable Develop; Aquamantra; AGSJ; Alan Briskin Managem...

Turning the Corporation Inside Out : A Fresh Pe...

ecopreneurist.com 13 Oct '11, 3pm

Turning the corporation upside down and inside out – looking at it a different way – is going to be critical going forward...

Native American Natural Foods: A 2011 Social Venture Network Award Winner | Care2 Causes

Native American Natural Foods: A 2011 Social Ve...

care2.com 15 Oct '11, 2am

From the scraggy peaks of the Badlands National Park, to rolling prairie, the Pine Ridge Indian Reservation in South Dakot...

Blogging for Money Is a Two-Way Street

promotionworld.com 14 Oct '11, 5pm

Blogging for money is not for everybody due simply to the time required for writing content to keep readers satisfied! Don...

How your company can get the most from Social M...

ethicalcorp.com 16 Oct '11, 8am

As companies develop the use of social media in corporate communications, what potential is there for improving sustainabi...

So many entrepreneurs, but where are the workers?

theonlinecitizen.com 16 Oct '11, 3am

Entrepreneurship is a big word in this era. There is Facebook, Google or the local Breadtalk. There are old stories of how...

News Corp. and the Business of Education | Care2 Causes

News Corp. and the Business of Education | Care...

care2.com 16 Oct '11, 6am

Not only did Rupert Murdoch give the keynote speech at the education summit held under the aegis of Jeb Bush the past two ...