That was what members of the Delaware Bar and Court of Chancery called a 'seismic shift' in U.S. corporate law when yesterday Delaware Governor Jack Markell enacted benefit corporation legislation.
Delaware is the 18th state (plus D.C.!) to pass benefit corp legislation, but the one that matters most to business leaders and investors who seek access to venture capital, private equity, and public capital markets. Building a global movement to redefine success in business requires capital for those businesses to scale. Delaware is a big step toward achieving our collective vision.
Read Governor Markell's press release
Watch remarks at the signing from Albert Wenger of Union Square Ventures
See some photos of how the day unfolded at the signing, the event at the World Economic Forum, and at the post-WEF celebration.
Read B Lab's take published by Forbes and Skoll World Forum -- ‘The Evolution of Capitalism’
A huge thank you to all whose ideas and hard work made this historic moment possible.
Now for the hard part: adoption! More on that soon:)
B the Change,
Andrew, Bart, Jay, and the rest of the B Lab team
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