July 25, 2017

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Maryland First State in Union to Pass Benefit Corporation Legislation

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Maryland Governor Martin O'Malley signed into law the nation's first legislation creating Benefit Corporations, a new class of corporations required to create benefit for society as well as shareholders.

Unlike traditional corporations, Benefit Corporations must by law create a material positive impact on society; consider how decisions affect employees, community and the environment; and publicly report their social and environmental performance using established third-party standards.

Click here to learn more about the Benefit Corporation Legislation


 

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