June 24th, 2010

Benefit Corporation Bill

SDialogue is a member of B Lab and supports its movement to bring the ‘Benefit Corporation Bill’ to fruition in New York State.  The Benefit Corporation Bill would enforce the creation of a new corporate entity offering entrepreneurs and investors the option to build and invest in businesses that meet higher standards of purpose, accountability and transparency.

Please Urge NYS Assembly Speaker Sheldon Silver (518-455-3791) to get Benefit Corp law to the floor for a vote today! http://bit.ly/c5et0Q

The legislative session is going to end shortly and he doesn’t want to put any more bills on the floor. URGE HIM TO HAVE ANOTHER MEETING OF THE CORPORATION COMMITTEE for the Benefit Corporation Legislation: A11498, same as S7855. AND TO GET IT TO THE FLOOR, SO THE ASSEMBLY CAN VOTE ON IT.

Please spread the word by educating all you know about this bill and its importance.

Without increasing regulation or impacting the state budget, legislation creating a ‘Benefit Corporation’ would (among many things) remove legal impediments preventing businesses or investors from using sustainability and social innovation as a competitive advantage; while legitimizes and enforcing the development of a new economy in NY which would recognize businesses that adopt higher standards of corporate purpose, accountability, and transparency.

Thanks!