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That's cool! The wikipedia article is a bit light on details. To summarise, it seems that by declaring as Public Benefit Corp they can not be so beholden to th
by _carbyau_ 4y ago
That's cool! The wikipedia article is a bit light on details.
To summarise, it seems that by declaring as Public Benefit Corp they can not be so beholden to the shareholders and the Corporation can declare "some other societal mission". No real details on what limits or benefits though.
I mean, what is stopping a Public Benefit Corporation declaring a mission for "yacht transport assistance" to be delivered to the selected "needy" and delivered by profits on business as usual? Obvious blatant point I am trying to make but I assume there are further laws and bylaws that usefully try to limit a corporation in that sense.
It seems a bit wishyWashy just going from wikipedia but for a HN discussion is well worth pointing out they exist! Thank you!
- justinclift 4y agoNo worries. Came across the concept from interaction (positive) with Teachstone (teachstone.com), which is one of these B Corporations. They have a whole write up about their getting certified: https://info.teachstone.com/blog/pioneering-developer-of-early-childhood-assessments-earns-b-corporation-certification https://info.teachstone.com/blog/pioneering-developer-of-ear...