B Corporations: Difference between revisions
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Revision as of 14:56, 7 November 2009
= B-Corp’s are companies that desire a broader mandate than simply “maximizing shareholder wealth.”
Certification for socially and environmentally friendly corporations.
URL = http://www.bcorporation.net/
Description
"In many states, if a corporate board or officer strays from the task of maximizing shareholder wealth, they could be tried for violating the law. B-Corporations view their responsibility to all stakeholders, not just shareholders. These stakeholders include employees, vendors, and their local community and environment. The B-Corp concept is sometimes referred to as the Triple Bottom Line: people, planet, profits."[1]
"B Corporations are a new type of corporation that are purpose-driven and create benefit for all stakeholders, not just shareholders. B Corporations are unlike traditional responsible businesses because they:
- Meet comprehensive and transparent social and environmental performance standards.
- Institutionalize stakeholder interests.
- Build collective voice though the power of a unifying brand."