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.