"Benefit corporations" balance social good and financial gains

Companies are being asked not just to care about corporate responsibility, but to put such goals first by registering as "benefit corporations." Registration gives companies a legal obligation to balance profits and social benefits, which allows them, for instance, to avoid layoffs even if it means lower financial returns. "The idea of a benefit corporation is to weave some social responsibility into the DNA of the company itself through its charter," writes Ben Schreckinger.

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