Mar 23
2010
2010
“For-Benefit” Corporations
A bill being considered by the Vermont Senate would create a new legal classification for companies in that state. If passed, corporations that have social missions could actually codify those values and be designated “for-benefit” corporations (instead of “for-profit.”) A recent Business Week article explored the implications of this bill (and similar bills pending in other states) that would make it easier to formalize values in business.
Carl SherrillMarch 24, 2010 at 4:51 pm
Mike … As a supporting concept, I’m researching how to develop a “discussion group” on public-private partnerships for So. Calif.
Typically, PPP has been thought of as a way to finance a construction project. However, in my 1st pass on the research I’m finding that there can be “service delivery” PPPs, such as (but not limited to) … child care & library operations in Riverside County, CA; Emergency medical services in areas north of San Francisco; I understand the City of Anaheim has implemented PPP to help economic redevelopment & provide low cost housing. Perhaps there are already techniques in place that address the underlying Vermont premise.
Other PPP concepts could support construction installation / operations of govt data systems; new schools, fire / police facilities; convention / municipal music facilities … etc.
Further, folks in the UK have been (are) developing case studies to describe how over 900 PPPs have been (are) working for the last 15 yrs or so. … Maybe there’s no need to “re-invent the wheel” … just smooth it up a bit …