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B Lab's Benefit Corporations Won't Benefit You
Freedom Advocates ^ | August 11, 2011 | Wynne Coleman

Posted on 09/16/2011 10:41:59 AM PDT by Twotone

SB26, the North Carolina Benefit Corporations Act contains boilerplate legislation from B Labs. View B Labs Statement of Purpose and Declaration of Interdependence here. The following points are applicable to activists or concerned citizens who want to understand why they should oppose Benefit Corporation legislation in their States.

One of the goals of Agenda 21 is to create a system of corporations that partner with governments to achieve Sustainable Development objectives. Across the nation, model legislation is being proposed to the individual States by a pro-Sustainable Development organization (B Lab) for the purpose of creating a “new type” of corporation that will support Public Private Partnerships (PPPs) and Sustainability objectives. Those objectives are anti-liberty and anti-free-enterprise.

The corporation is called a “Benefit Corporation” (B Corp). The originators of this legislation are so ambitious that their plans include the vision to create a public stock exchange for B Corps.

(Excerpt) Read more at freedomadvocates.org ...


TOPICS: Culture/Society; Government; News/Current Events; US: North Carolina
KEYWORDS: agenda21; environment; sustainable
Received this article via email. I hadn't heard of 'Benefit Corporations' before. The bad guys are always thinking...
1 posted on 09/16/2011 10:42:06 AM PDT by Twotone
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To: Twotone

New to me too. Looks like formalized, legalized, and institutionalized corruption to me. So then I guess swindlers like Solyndra and its beltway partners wouldn’t have to worry about any investigations.


2 posted on 09/16/2011 10:49:06 AM PDT by swain_forkbeard (Rationality may not be sufficient, but it is necessary.)
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To: Twotone

Under the law as it currently stands, corporations and their officers are under a binding legal obligation to maximize shareholder value. Clearly if you pursued some sustainable development or socially conscious pipedream you would not be maximizing that value. This would theoretically leave you open to lawsuits from shareholders. This new type of corporate charter would give corporations and their directors a whole new set of priorities, above and beyond shareholder value. Slippery slope this is.


3 posted on 09/16/2011 11:13:36 AM PDT by Buckeye McFrog
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To: Twotone
This appears to come out of Benito Mussolini's notebooks - working toward The Corporate State for real.
4 posted on 09/16/2011 2:47:26 PM PDT by arthurus (Read Hazlitt's "ERomney cannot get enough socialist leaning "independents" conomics In One Lesson.")
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