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.