Center for Business Law Recent Events
Benefit Corporations–Is There A Benefit?
Wednesday, November 7, 2012
In August, Massachusetts recognized benefit corporations with the addition of Chapter 156E to the General Laws. While traditional for-profit corporations must focus on maximizing investor return, benefit corporations can prioritize social and environmental impacts. In addition, increased transparency via extensive reporting and third-party performance assessments is fostered. Yet questions remain as to their differences with existing For Profit and Nonprofit entities. This colloquium closely examined benefit corporations’ structure, governance, and societal impact, while determining if there are substantial incentives associated with them.
Discussants included Mary Beckman, assistant attorney general and division chief, Nonprofit-Organizations/Public Charities Division, MA Attorney General's Office, and Carter Powers, chief operations officer, Dimagi Inc.
This conference took place on February 16, 2012, and was co-sponsored by the Massachusetts Bar Association.