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B Corporation
In the United States, a benefit corporation (or in several jurisdictions including Delaware, a public-benefit corporation or PBC) is a type of for-profit corporate entity, authorized by 35 U.S. states and the District of Columbia, that includes positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts. Laws concerning conventional corporations (referred to as "C corporations" by the IRS) typically do not specify the definition of "best interest of the corporation", which has led to the interpretation that increasing shareholder value (profits and/or share price) is the only overarching or compelling interest of a corporation. Benefit corporations may not differ much from traditional C corporations. A C corporation may change to a B corporation merely by stating in its approved corporate bylaws that it is a benefit co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benefit Corporation Laws In The United States
Benefit or benefits may refer to: Arts, entertainment and media * ''Benefit'' (album), by Jethro Tull, 1970 * "Benefits" (''How I Met Your Mother''), a 2009 TV episode * ''The Benefit'', a 2012 Egyptian action film Businesses and organisations * Benefit Cosmetics, an American cosmetics company * The Benefit Company, a Bahraini interbanking company Other uses * Benefit, Georgia, a place in the United States * Benefit (social welfare), provided by a social welfare program ** Federal benefits, provided by the United States federal government * Benefit (sports), a match or season of activities to boost a sports player's income before retirement * Benefit performance, a type of live entertainment which is undertaken for a cause ** Benefit concert, or charity concert * Employee benefits, non-wage compensation provided to employees ** Health benefits (insurance) See also * Entitlement * Health benefits (medicine) * Incentive * Incentive program * Loyalty marketing Loyalty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Common Good
In philosophy, economics, and political science, the common good (also commonwealth, general welfare, or public benefit) is either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and public service. The concept of the common good differs significantly among philosophical doctrines. Early conceptions of the common good were set out by Ancient Greek philosophers, including Aristotle and Plato. One understanding of the common good rooted in Aristotle's philosophy remains in common usage today, referring to what one contemporary scholar calls the "good proper to, and attainable only by, the community, yet individually shared by its members." The concept of common good developed through the work of political theorists, moral philosophers, and public economists, including Thomas Aquinas, Niccolò Machiavelli, John Locke, Jean-Jacques Rous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporations
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Entrepreneurship
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development. At times, profit-making social enterprises may be established to support the social or cultural goals of the organization but not as an end in themselves. For exampl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Economy In The United States
Social organisms, including human(s), live collectively in interacting populations. This interaction is considered social whether they are aware of it or not, and whether the exchange is voluntary or not. Etymology The word "social" derives from the Latin word ''socii'' ("allies"). It is particularly derived from the Italian ''Socii'' states, historical allies of the Roman Republic (although they rebelled against Rome in the Social War of 91–87 BC). Social theorists In the view of Karl MarxMorrison, Ken. ''Marx, Durkheim, Weber. Formations of modern social thought'', human beings are intrinsically, necessarily and by definition social beings who, beyond being "gregarious creatures", cannot survive and meet their needs other than through social co-operation and association. Their social characteristics are therefore to a large extent an objectively given fact, stamped on them from birth and affirmed by socialization processes; and, according to Marx, in producing and reproducin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Mitchell Law Review
William Mitchell College of Law was a private, independent law school located in St. Paul, Minnesota, United States, from 1956 to 2015. Accredited by the American Bar Association (ABA), it offered full- and part-time legal education in pursuit of the Juris Doctor (J.D.) degree. On December 9, 2015, Hamline University School of Law merged into William Mitchell College of Law, and became the Mitchell Hamline School of Law. History William Mitchell was the product of five predecessor schools, all in the Twin Cities, which ultimately merged in 1956. Although they varied in size and location, each one was originally established as a part-time, evening-program law school. This was meant to open the doors of the legal profession to men and women working full-time to support themselves and their families. St. Paul College of Law William Mitchell's first predecessor, the St. Paul College of Law, was founded in 1900 by five attorneys in Ramsey County. They intended the school to be an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
B Corporation (certification)
In business, B Corporation (also B Lab or B Corp) is a private certification of for-profit companies of their " social and environmental performance." It is distinct from the legal designation as a benefit corporation. B Corp certification is conferred by B Lab, a global nonprofit organization with offices in the United States, Europe, Canada, Australia and New Zealand, and a partnership in Latin America with Sistema B. To be granted and to maintain certification, companies must receive a minimum score of 80 from an assessment of "social and environmental performance", integrate B Corp commitments to stakeholders into company governing documents, and pay an annual fee based on annual sales. Companies must re-certify every three years to retain B Corporation status. , there are 5,697 certified B Corporations across 158 industries in 85 countries. Purpose B Lab certification is a third-party standard requiring companies to meet social sustainability and environmental p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patagonia (clothing)
Patagonia, Inc. is an American retailer of outdoor clothing. It was founded by Yvon Chouinard in 1973 and is based in Ventura, California. Patagonia operates stores in 10+ countries globally, as well as factories in 16 countries. History Yvon Chouinard, an accomplished rock climber, began selling hand-forged mountain climbing gear in 1957 through his company Chouinard Equipment. He worked alone selling his gear until 1965, when he partnered with Tom Frost in order to improve his products and address the growing supply and demand issue he faced. In 1970, Chouinard obtained rugby shirts from Scotland that he wore while climbing because the collar kept the climbing sling from hurting his neck. Great Pacific Iron Works, Patagonia's first store, opened in 1973 in the former Hobson meat-packing plant at Santa Clara St. in Ventura, near Chouinard's blacksmith shop. In 1981, Patagonia and Chouinard Equipment were incorporated within Great Pacific Iron Works. In 1984, Chouinard cha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yvon Chouinard
Yvon Chouinard (born November 9, 1938) is an American rock climber, environmentalist, philanthropist and outdoor industry businessman. His company, Patagonia, is known for its commitment to protecting the environment. Chouinard is also a surfer, kayaker, and falconer and is particularly fond of '' tenkara'' fly-fishing.''Fly Rod and Reel'' magazine, "Simple Gifts", by Yvon Chouinard, Oct/Nov '09 He has written about climbing issues and ethics and on mixing environmentalism and business. Early life Chouinard's father was a French-Canadian handyman, mechanic, and plumber. In 1947, Yvon and his family moved from Lewiston, Maine to Southern California. They were Catholic. His early climbing partners included Royal Robbins and Tom Frost.Yvon Chouinard, , Outside Online A |
The Nation
''The Nation'' is an American liberal biweekly magazine that covers political and cultural news, opinion, and analysis. It was founded on July 6, 1865, as a successor to William Lloyd Garrison's '' The Liberator'', an abolitionist newspaper that closed in 1865, after ratification of the Thirteenth Amendment to the United States Constitution. Thereafter, the magazine proceeded to a broader topic, ''The Nation''. An important collaborator of the new magazine was its Literary Editor Wendell Phillips Garrison, son of William. He had at his disposal his father's vast network of contacts. ''The Nation'' is published by its namesake owner, The Nation Company, L.P., at 520 8th Ave New York, NY 10018. It has news bureaus in Washington, D.C., London, and South Africa, with departments covering architecture, art, corporations, defense, environment, films, legal affairs, music, peace and disarmament, poetry, and the United Nations. Circulation peaked at 187,000 in 2006 but dropped t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Profit Maximization
In economics, profit maximization is the short run or long run process by which a firm may determine the price, input and output levels that will lead to the highest possible total profit (or just profit in short). In neoclassical economics, which is currently the mainstream approach to microeconomics, the firm is assumed to be a "rational agent" (whether operating in a perfectly competitive market or otherwise) which wants to maximize its total profit, which is the difference between its total revenue and its total cost. Measuring the total cost and total revenue is often impractical, as the firms do not have the necessary reliable information to determine costs at all levels of production. Instead, they take a more practical approach by examining how small changes in production influence revenues and costs. When a firm produces an extra unit of product, the additional revenue gained from selling it is called the marginal revenue (\text), and the additional cost to produce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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