Examples of Benefit corporation in a sentence
The approval of any self-dealing transaction as such transactions are defined in Section 5233(a) of the California Nonprofit Public Benefit corporation Law, except as permitted under Section 24 of this Article.
Definitions.23 (a) The following definitions apply to this Article:24 (1) Benefit corporation.
Benefit corporation legislation does not mark the end of the corporate social responsibility debate.
Benefit corporation legislation defines its “general public benefit” as a “material positive impact on society and the environment.” Id.
Benefit corporation legislation requires a two-thirds supermajority vote in order for a traditional corporation to convert into a benefit corporation.147 This enables shareholders to help decide whether they want their current investment to be converted into an investment in a benefit corporation.