Gallery: Governor Cuomo Passes Law To Benefit Socially Responsible Busi...

Governor Andrew Cuomo has just signed a law that creates a new category of company that seeks to benefit businesses across New York State that prove they have socially responsible practices. The new category, Benefit Corporation, is reserved for socially and environmentally friendly businesses, like clean tech and fair trade companies. By registering under the new category, these for-profit companies gain a legal framework. This law, which passed unanimously, will give these ethical for-profit businesses more power in their intended social impact, which will be uninterrupted by their duties and responsibilities to their investors.

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