14 Dec '11, 3pm

#NewYork just passed @BCorporation 's into law! Via @csrwire #socent #socialgood #socinn

ALBANY, N.Y., Dec. 13 /CSRwire/ - At midnight last night a law was enacted creating benefit corporations, a new class of corporations required to create benefit for society as well as shareholders. Unlike traditional corporations, benefit corporations are required to create a material positive impact on society and the environment; consider how decisions affect employees, community and the environment; and publicly report their social and environmental performance using established third-party standards. Continuing a national trend of strong bi-partisan support for benefit corporation legislation, the New York bill (S79-A and A4692-A), sponsored by Senators Daniel Squadron (D-25) and Assembly Speaker Sheldon Silver (D-64) and co-sponsored by William Larkin (R, C-39), passed both houses of the New York legislature unanimously . “Political leaders like Speaker Silver, and Se...

Full article: http://www.csrwire.com/press_releases/33496-NY-Law-Create...

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