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New Models for Sustainable Capitalism
Presentation for Conscious SF
August 19, 2015
Leslie A. Keil
Chair, Sustainable Business & Impact Investing Group
@LeslieKeilEsq
The Movement for Good
Enterprises
• General Purpose Corporations
• Benefit Corporations
• B Corporation Certification
• Nonprofits
Investors
• Angel Investors
• Venture Capital Funds
• Foundations
• Donor Advised Funds
• Government
Investments
• Debt
• Equity
• Grants
• Social Impact
Bonds
Increasing Impact Through Enterprise
Innovation: Hybrid Structures
Benefit Corporations
• Purpose
– General or specific
– Similar to statement in nonprofit charter
• Transparency
– Board decisions take purpose into account
– Broad stakeholder model
• Accountability
– Regular report on performance
– Independent standard
Benefit Corporations
• State statute in 28 states + DC
• California: 2012 & Delaware: 2013
• No effect on tax status
can still select between Subchapter C & S
• San Francisco City & County contract preference
Benefit Corporations
B Corporations
Performance Requirement
• Score 80 / 200
• “Pending” status for startups
• Recertify every other year
• Website profile
Legal Requirement
• Term Sheet
• Conversion within four years of
the first effective date of the
legislation or two years of
initial certification, whichever is
later
OR
• Constituency statute
B Corporations
• Any jurisdiction - available worldwide
• Any business structure
• Annual sliding fee based on annual sales: $500/year
• Third-party certification by B Lab
– B Impact Assessment
– In-person Assessment Review
– 10% selected for onsite review each year
– Recertify every other year
B Corporations
1,366 B Corporations / 41 Countries / 121 Industries
WHY?
CAPITAL
• Attract investors
• Align with shareholders
• Protect mission
CUSTOMERS
• Differentiate from competitors
• Inspire loyalty
• Instill trust in brand
• Attract talent
• Participate in a movement
• Partner with peers
COMMUNITY
RESOURCES
www.bcorporation.net
www.benefitcorp.net

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New Models for Sustainable Capitalism 081915.PPTX

  • 1. New Models for Sustainable Capitalism Presentation for Conscious SF August 19, 2015 Leslie A. Keil Chair, Sustainable Business & Impact Investing Group @LeslieKeilEsq
  • 2. The Movement for Good Enterprises • General Purpose Corporations • Benefit Corporations • B Corporation Certification • Nonprofits Investors • Angel Investors • Venture Capital Funds • Foundations • Donor Advised Funds • Government Investments • Debt • Equity • Grants • Social Impact Bonds
  • 3. Increasing Impact Through Enterprise Innovation: Hybrid Structures
  • 4. Benefit Corporations • Purpose – General or specific – Similar to statement in nonprofit charter • Transparency – Board decisions take purpose into account – Broad stakeholder model • Accountability – Regular report on performance – Independent standard
  • 5. Benefit Corporations • State statute in 28 states + DC • California: 2012 & Delaware: 2013 • No effect on tax status can still select between Subchapter C & S • San Francisco City & County contract preference
  • 7. B Corporations Performance Requirement • Score 80 / 200 • “Pending” status for startups • Recertify every other year • Website profile Legal Requirement • Term Sheet • Conversion within four years of the first effective date of the legislation or two years of initial certification, whichever is later OR • Constituency statute
  • 8. B Corporations • Any jurisdiction - available worldwide • Any business structure • Annual sliding fee based on annual sales: $500/year • Third-party certification by B Lab – B Impact Assessment – In-person Assessment Review – 10% selected for onsite review each year – Recertify every other year
  • 9. B Corporations 1,366 B Corporations / 41 Countries / 121 Industries
  • 10. WHY? CAPITAL • Attract investors • Align with shareholders • Protect mission CUSTOMERS • Differentiate from competitors • Inspire loyalty • Instill trust in brand • Attract talent • Participate in a movement • Partner with peers COMMUNITY