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Title: Structure Enables Corporations with a Conscience

Abstract

November Economic Diversity column for the Tri-City Herald - Topic: Social Purpose Corporations - Excerpt below: On March 31, Governor Chris Gregoire made history when she signed HB2239 and created Washington’s first alternative for-profit corporate structure, the social purpose corporation, or SPC. The new structure allows for-profit entities to formally strive toward creation of social and environmental good as their top corporate priority. This significantly contrasts with the expectation that traditional companies must put creation of shareholder value first. It signals that Washington State believes corporate leadership should have the flexibility and legal backing to make decisions based on the company’s impact on all of its stakeholders rather than on the ability to maximize profits.

Authors:
Publication Date:
Research Org.:
Pacific Northwest National Lab. (PNNL), Richland, WA (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
1209874
Report Number(s):
PNNL-SA-91823
DOE Contract Number:  
AC05-76RL01830
Resource Type:
Journal Article
Journal Name:
Tri-City Herald, (November 10, 2012)
Additional Journal Information:
Journal Name: Tri-City Herald, (November 10, 2012)
Country of Publication:
United States
Language:
English

Citation Formats

Madison, Alison L. Structure Enables Corporations with a Conscience. United States: N. p., 2012. Web.
Madison, Alison L. Structure Enables Corporations with a Conscience. United States.
Madison, Alison L. Sat . "Structure Enables Corporations with a Conscience". United States.
@article{osti_1209874,
title = {Structure Enables Corporations with a Conscience},
author = {Madison, Alison L.},
abstractNote = {November Economic Diversity column for the Tri-City Herald - Topic: Social Purpose Corporations - Excerpt below: On March 31, Governor Chris Gregoire made history when she signed HB2239 and created Washington’s first alternative for-profit corporate structure, the social purpose corporation, or SPC. The new structure allows for-profit entities to formally strive toward creation of social and environmental good as their top corporate priority. This significantly contrasts with the expectation that traditional companies must put creation of shareholder value first. It signals that Washington State believes corporate leadership should have the flexibility and legal backing to make decisions based on the company’s impact on all of its stakeholders rather than on the ability to maximize profits.},
doi = {},
journal = {Tri-City Herald, (November 10, 2012)},
number = ,
volume = ,
place = {United States},
year = {2012},
month = {11}
}