Quantcast

Perone joins Malloy in Hartford to push benefit corporation effort

HARTFORD, Conn. – State Rep. Chris Perone (D-137), chairman of the legislature’s Commerce Committee, Tuesday joined with Gov. Dannel Malloy to call attention to an effort to establish benefit corporations in Connecticut.

A b-corp’s directors must consider certain interests in addition to the financial interest of their shareholders, and report on its overall social and environmental performance against an independent and transparent third-party standard each year. There are no tax breaks

Before an informational forum, Perone participated in a press conference with Malloy, who will be proposing a social enterprise bill this year. House and Senate Democratic leaders have announced that creating a structure for social enterprise is a top priority.

To read more about the national trend toward establishing benefit corporations, read Christine Stuart’s story at CT News Junkie.

Comments

2 responses to “Perone joins Malloy in Hartford to push benefit corporation effort”

  1. Don’t Panic

    Everything old is new again. Incorporated companies used to cite responsibility to employees and society and customers, as well as investors in their charges.
    .
    The notion that the only fiduciary responsibility of a corporation is to return maximum value to shareholders is a modern meme that suits the agenda of those that wish to enrich management at the expense of workers.

  2. Don’t Panic

    *charters* not charges

Leave a Reply


Recent Comments