(Sacramento) -- California welcomed "Benefit Corporations" this year, thanks to legislation by California State Assemblymember Jared Huffman (D-San Rafael). Assembly Bill 361 created a new type of corporation that blends corporate and social responsibility. Benefit Corporations operate under a broadened fiduciary duty than traditional corporations, which allows them to take into consideration social and environmental benefit to their actions, and not just profits. http://www.asmdc.org/Huffman
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