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Benefit Corporations For Oregon

idea by moderators

The Quick & Dirty

:

Allows for Oregon businesses to have a social or environmental benefit as part of their charter.

The Problem

Do-gooder businesses can get sued. In Oregon, shareholders can sue a company for trying to do social good if it sacrifices profits for those shareholders.

There just ain’t enough options. If you’re an entrepreneur and you want to start your own business, you can only choose from a few options that may limit your ability to pursue your goal.

Consumers need more info. As our generation deeply wants to use our purchasing power to make the world better, there are very few tools to determine whether or not a corporation really does good for the world or is just “greenwashing” or “goodwashing”.

The Solution:

Allow Oregonians to open up “benefit corporations”, which
1) Have a corporate purpose to create a positive impact on society & the environment.
2) Must consider the impact of their decisions not only on shareholders but also on workers, community, and the environment.
3) Need to make available to the public an annual benefit report that assesses their overall social and environmental performance against a third party standard.

Where to Find Out More

http://benefitcorp.net/

http://www.bcorporation.net/publicpolicy

http://www.thenation.com/signup/161261?destination=article/161261/rise-benefit-corporations

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Submission Began
Tuesday, April 17

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Tuesday, April 17
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Tuesday, April 17

Voting Ended
Friday, April 20
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Justice Reinvestment

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Friday, April 20

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