Posted by: mariannedc | April 10, 2012

Putting Societal Benefits Before Profits

By Pamela Haines, Quaker social justice educator with a concern for economics and the environment

A law implemented in California makes it legal for the first time ever for a corporation to put social responsibility before profits without the threat of legal action from shareholders. The law, which creates a new class of corporation in California called “benefit corporations” that could pursue a material positive impact on society and the environment, while meeting higher
standards of accountability and transparency, is modeled after successful
legislation in Maryland, New Jersey, Vermont and Virginia. Read more here.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

Follow

Get every new post delivered to your Inbox.

Join 57 other followers

%d bloggers like this: