To B or not to B… that is no longer the question!

To B or not to B…

that is

no longer

the question!

SACRAMENTO, Calif., Oct. 10 /CSRwire/ – Governor Brown signed Assembly Bill 361 today to spur the creation of high quality jobs in California through benefit corporations. The legislation, introduced by Assembly member Jared Huffman (D-San Rafael), creates a new class of corporation in California called benefit corporations that are legally required to pursue the creation of a material positive impact on society and the environment, while meeting higher standards of accountability and transparency. Current law requires corporations to prioritize the financial interests of shareholder over the interests of workers, communities, and the environment….click here for the full press release from B-Lab (the creators of the B Corp concept). …UNTIL NOW, CALIFORNIA B-CORPS HAVE EXISTED ON A VOLUNTARY BASIS (NOT A LEGAL STRUCTURE RECOGNIZED BY THE STATE). THIS IS GREAT NEWS FOR THE WORKFORCE, GREAT NEWS FOR “CONSUMERS”, GREAT NEWS FOR THE ENVIRONMENT, GREAT NEWS FOR BUSINESS…THIS IS TRULY GREAT NEWS!!!