I attended an interesting lunch yesterday on something called the B Corporation. It is an effort to formally write the idea of triple bottom line businesses into corporate law and provide the standards to go along with that. Today’s common form of organization is the C Corporation which has as…
If I were started a company, then I would seriously look into a B Corp. The C Corp legal standard of shareholders Uber Alles is nuts on so many levels given it leaves out 3 important stakeholders in corporate governance - employees, the community and customers.
This point of view probably shocks some of my friends, but I think the short term focus on profits (think outsourcing to Asia) ignores long term profitability and stability (ie. taking money from your customers by getting rid of their jobs - insanely illogical on so many levels). I am not suggesting letting the inmates run the asylum, but you should at least be allowed to consider them.
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aredridel reblogged this from continuations and added:
really good idea....think we’ve needed
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tedr reblogged this from sawickipedia and added:
tedr: very very interesting.
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sawickipedia reblogged this from continuations and added:
were started a company, then I would seriously look...shareholders Uber Alles
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sandersak reblogged this from marksbirch and added:
So here’s the thing with...Corps: Any C Corp could theoretically structure itself as a B...
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marksbirch reblogged this from continuations and added:
value companies. This...getting away from...short term...
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arishahdadi reblogged this from continuations and added:
Interesting stuff.
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ethicalecon reblogged this from markcoatney and added:
Thank you for sharing this.
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markcoatney reblogged this from continuations and added:
Read this; really interesting. So much...rules under which
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