US Corporations Legal Requirement Webinar

Becoming a B Corp is not just about achieving a certification or seal of approval; it’s about joining a community of other businesses dedicated to the same vision and goal. The path to Certification illuminates areas of positive impact and surfaces aspects where more work is needed. That work is not only found in the standards of the B Impact Assessment but is also a critical part of the legal requirement: ensuring all your stakeholders are considered in your business decision-making process, and that commitment is enshrined in your corporate DNA.
While every company must fulfill this requirement, for companies that employ fewer than 50 full time employees, this step needs to be completed prior to Certification. This webinar provides an opportunity to learn about the reasoning and process behind this important and necessary step for US Corporations.
After watching this webinar, you will understand:
- The basic requirements for B Corp Certification.
- The purpose of the legal requirement for Certification.
- The process and resources available to help your business adopt this form of stakeholder governance.
- The experience of a B Corp that has gone through this process and the benefits from doing so.
RESOURCES
- Webinar Slide Deck: drive.google.com/file/d/1S-AD...
- Webinar Q&A Responses: docs.google.com/document/d/1P...
- Legal Requirement Tool: www.bcorporation.net/en-us/ab...
- Legal Requirement One Pager: pardot.bcorporation.net/BCorp...
- Benefit Corporation website: benefitcorp.net/
- Board Playbook: The Case and Process for Adopting Benefit Governance as a Requirement for B Corp Certification: pardot.bcorporation.net/Board...
Audio Transcript available here: us06web.zoom.us/rec/play/hubC...
0:00 Welcome, Purpose, Introductions
01:44 Legal Requirement History + Purpose
05:44 Corporation Legal Pathways
08:36 Background on the Benefit Corporation status
11:22 Benefit Corporation Overview
17:03 Benefit Corporation vs Social Purpose Corporation
19:55 Current Benefit Corporation’s Experience: Grove Collaborative
31:25 Q&A: Difference Between Certified B Corp & Benefit Corporation