archive for February, 2012
Benefit Corporations (B-Corps) Have Landed in New York
Wednesday, February 15th, 2012A new type of corporation now exists in New York: the Benefit Corporation (“B-Corp”). Unlike regular corporations, the B-Corp is not required to maximize profits or take actions solely to benefit its shareholders. Instead, the new law requires that when deliberating corporate actions, executives must consider the environment and the interests of workers and communities.
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