On April 13, Maryland Governor Martin O'Malley signed the nation's first Benefit Corporation law designating a new kind of company that creates social benefit and shareholder value.

From a company’s point of view, the new law empowers directors of Benefit Corporations to consider employees, community and the environment in addition to shareholder value when they make operating and liquidity decisions. And, it offers them legal protection for those considerations.

For the full article and more information about BCorp please click here. 

About BCorp:

B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems.  B Corporations are unlike traditional responsible businesses because they meet comprehensive and transparent social and environmental performance standards, institutionalize stakeholder interests and build collective voice through the power of a unifying brand.

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