THE B ECONOMY: How benefit corporations benefit society, not just the bottom line.

Position:BOARDBOOK - Brief article

Proposed legislation from Elizabeth Warren, and new laws backed by Republicans, look to reform corporate governance and bolster movement to support the environment, social issues.

This week, U.S. Senator Elizabeth Warren dropped a bombshell piece of legislation that would require every company with more than $1 billion in revenue or 5,000 employees to become a "benefit corporation." Some called the legislation brilliant: others labeled it Marxist.

It is remarkable how closely the benefit corporation idea in her bill tracks legislation supported by Republicans around the country. Thirty of the 34...

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