Benefit Corporation

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Benefit Corporation

A corporation in which the members of board of directors have the statutory duty to provide some tangible benefit to the community and/or the environment. In other words, a benefit corporation is not prohibited from earning and distributing profits, but is expected to do these other things as well. A benefit corporation is informally called a b-corp.
References in periodicals archive ?
Coupled with its B-Corporation status, which certifies the company meets rigorous standards of social and environmental performance, Care2 services have become an essential tool for many of the world's largest member-based advocacy organizations.
As a community focused B-Corporation, IIT is dedicated to assuring that its partners are better able to realize cost reductions and invest in their mission-related goals.
org started out as a nonprofit before filing to become a for-profit B-Corporation.
Clean Currents is a certified green business and a registered Benefit LLC and B-Corporation, a new legal designation that means a company provides a public benefit as well as a profit.
3, 2015 /PRNewswire-iReach/ -- Today, Jitasa, a Boise, Idaho certified B-Corporation specializing in accounting services for nonprofits, is proud to announce a new addition to their Board of Directors, Congressman Richard A.
As a certified B-Corporation, Notogroup maintains the highest standards for corporate governance, employee benefits, professional development, environmental conservation, and overall community investment.
A certified B-Corporation, Patagonia's mission is to build the best product, cause no unnecessary harm and use business to inspire and implement solutions to the environmental crisis.
An award-winning social enterprise and founding B-Corporation member, Numi supports community development projects worldwide.
A Certified B-Corporation for its strong commitment to sustainability, and proud partner of Healthy Child Healthy World, Plum Organics has set the stage for a new way of nourishing the next generation of children.