Al Gore takes aim at "unsustainable" capitalism

[Uncle Joe]

38. This looks most promising, nanabugg.

This new law has the ability to transform the State and national economy by creating businesses that must create benefit for society and the environment in addition to profit. Thirteen businesses from across the State rushed to adopt the new corporate form as they build a new economy. One company even left Delaware and incorporated in New York State to take advantage of this innovative corporate form. Currently seven states, including New York, have enacted benefit corporation laws.

(snip)

Benefit corporations are a new kind of corporation legally required to: 1) have a corporate purpose to create a material positive impact on society and the environment; 2) expand fiduciary duty to require consideration of the interests of workers, community and the environment; and 3) publicly report annually on its overall social and environmental performance using a comprehensive, credible, independent, and transparent third party standard. Traditional corporate law requires corporations to prioritize the financial interests of shareholders over the interests of workers, communities, and the environment.

Read more: http://www.care2.com/care2blog/new-york-rolls-out-new-kind-of-corporation.html#ixzz1mfQxvMJT

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