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 ?
The ad further added that B-Corp operates with a better model of corporate governance.
Secrest has also introduced a socially responsible business initiative for public limited liability companies (B-Corp).
Fluree is a Public Benefit Corporation (B-Corp) that dedicates employee time, company resources and chartered effort towards empowering people whose jobs are replaced by technology, or those that wish to make a career adjustment via training and assistance.
Many of these companies are on their journey through CCROC's collaborative partners, the Rochester Area Business Ethics Foundation, B-Corp, the Great Place to Work Institute or the D&C.Attendees will also be introduced to the "Conscious Capitalism Field Guide Activator," which can help identify conscious capitalismprinciples they may already be following and how to expand and further integrate additional aspects of conscious capitalism into their business strategies.
The founders of Wylder Goods, Utah's only B-Corp company, curate sustainable and stylish products for the modern outdoors-woman, all tested and approved by their network of ambassadors.
The company is a certified VMware provider, SSAE 16 Type II and HIPAA compliant, as well as a B-Corp and EPA Green Power Partner.
He got funding for indieDwell from partners and is now seeking third-party certification as a Public Benefit Corporation, or B-Corp. Flynn talked to Idaho Business Review about indieDwell and his hopes for revolutionizing affordable housing in Idaho.
The Davines Group (/skin regimen/, Davines and [comfort zone]) has always been committed to dramatically reducing the use of petrol-based, virgin plastic and their footprint on the environment, and was recognized for their efforts when they became a certified B-Corp in 2017.
Crossroads' subsidiary, Capital Plus Financial (CPF), is a certified Community Development Financial Institution (CDFI) and certified B-Corp which supports Hispanic homeownership with a long term, fixed rate single family mortgage product.
Unlike the B-Corp movement, the Just program doesnt give official certifications.
-- Sundial Brands, a cruelty-free and certified B-Corp company with a Fair For Life social and fair trade certification, is the proprietor of SheaMoisture, a brand of hair care and skin care solutions.
In 2013, he founded Cotopaxi as a B-Corp (Benefits Corporation).