Monday, July 23, 2007

B Corporations - Stakeholders not Shareholders

Most of companies works towards creating value (read money) for Wall Street investors, targetting number for quarterly results. B Corporations are type of companies which creates values for all the stakeholders of the company not just only for Wall Street. It works for the Stakeholders not the shareholders. Some of the characterstics of these companies :
  • Philanthropy - How much of money goes for good deeds ??
  • The Environment - How environment friendly your business is , do you damage your environment for you company's profit ??
  • Political Activity - Does your political lobbying is for good cause ??
  • Diversity - How diversified your employees are ? How many women, minority groups are working?
  • Sourcing - Whether your raw materials are organic, locally sourced not exported, fairly traded ,environment friendly.

These companies are not charity organization, they create profits in the competitive business while taking care of environment, community, employees.

If interested to know more about B corporations http://www.bcorporation.net/home.php

No comments: