Governors and State Legislatures who enact the Benefit Corporation Legislation either condone the transformation of America, or they are ignorant sheeple who are too dumb to hold elected office. Either way, it is up to us, the people, to educate them and find at least one representative in each state who will introduce new legislation to make Benefit Corporations and Sustainable Development/Agenda 21 null and void. Then, for those who resist abolishing the Benefit Corporations and Sustainable Development/Agenda 21, we must organize and support candidates who understand the dangers of this government-corporate partnership program.
Like all other programs of the Progressive Left, a casual reading or exposure leaves one with the impression that this is a "good thing". After all, it's just a way of letting the public know of the "best", most "socially responsible", "transparent", "socially beneficial", and "environmentally responsible" companies. What could be bad about that?
Facism is defined as: "A system of government marked by centralization of authority, stringent socio-economic controls, suppression of the opposition, and typically a policy of belligerent nationalism. This form of government involves close partnership of government and businesses/commerce. Corporations and business remain in private hands but policies, priorities, and production decisions are under control of government."
The B Corporation concept supposedly originated from a movement to seek an "alternative to the for-profit way of doing business". Nevermind that such an option is already available: non-profit options are already available to anyone desiring to pursue a not-for-profit business activity. So, although that reason is highly touted by the proponents of new B Corporation laws, it is actually a ruse. The desire is actually for something much different.
Some tout the B as standing for "benefit". The idea being sold to the unsuspecting public is that a "B Corporation" exists only to provide social benefit to the community and thus is a "better" type of company. This is simply a way of better identifying the "best" corporations to all. Come on, give us a break! You don't need special laws to establish a logo which identifies a "green", "charitable", or "social" corporation! Is anyone really that gullible?
B Corporation itself says: "Certified B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems. B Corps are unlike traditional businesses because they:
○ Meet comprehensive and transparent social and environmental performance standards; ○ Meet higher legal accountability standards; ○ Build business constituency for good business "
Doesn't that sound nice? But why do we need new laws to establish B Corporations? Well B Corporations' documents and language is full of flowery fluff, but when you boil it all down it comes to two key points:
● "Offers safe harbor to its directors and officers to consider the interests of its workforce, its community, and the environment when making decisions, even in liquidity scenarios" ● "Differentiates the company in a confusing marketplace in which everyone is claiming to be a responsible or green business"
All the other points and arguments are camouflage to further mask the true intent of these two goals. All the other points and goals can be readily accomplished under current corporate law. So why do these two goals require new corporate law which will apply only to new "B Corporations"? Those two bullet points sound innocuous enough to most people. What's the big deal?
The key in the first is "safe harbor". The B Corporation documents do not highlight those words. I added the highlighting. Why do B Corporations need new "safe harbor"? What are they being protected from? The answer to that question also holds the answer to why the "B Corporations" need special help in "differentiating" themselves in a "confusing marketplace". Most companies differentiate themselves through their quality of service, product quality, price, availability, reliability and a host of factors well understood by everyone in the marketplace. Why does the "B Corporation" require special "help" in differentiating itself?
Are you beginning to catch on? To keep this introduction brief, I will explain it concisely: The special laws that are being proposed to establish and nurture "B Corporations" will:
(a) provide special protections and insulation for the corporation and its board and officers from lawsuits, especially from unhappy investors or creditors, for mismanagement of funds or avoidable losses ― remedies that would be available to investors and creditors of non-B Corporations (i.e. normal businesses), and (b) provide special benefits and relationships between the "B Corporation" and government whereby government conveys favor and recognition to the "B Corporation" which, in return, provides the "social benefits" desired by government.
For a good example of this special government/corporate partnership, think "G.E." and "MSNBC". This is why special new laws are required for the "B Corporation". Everything else they tout is flowery window dressing, which can be easily done under existing law and therefore serves only to bamboozle the casual onlooker.
Senate Bill 26, the North Carolina Benefit Corporation Act, would create a new class of business or corporation that can claim to be morally superior to the "run of the mill greedy corporation" that now exists. This bill sponsored by Sens. Don Vaughn (D-Guilford); Richard Stevens (R-Wake) and Eleanor Kinnaird (D-Orange) would create a new filing classification and additional requirements for becoming a “Benefit Corporation.”
Without going into the seven pages of legalese that would create this new structure it is better to look at what companies now do and why this bill is not necessary.
Businesses exist to efficiently convert resources (human and material) into products and services that people want and voluntarily purchase or use. Businesses that fail that test should be allowed to go bankrupt. Think GM & Chrysler and others.
A business, by making a profit, increases the wealth of society and hence the ability of individuals to find employment and increase their standard of living. They also provide products and services that make our lives better.
A lawful, profitable business, by its very existence, already “benefits” society by its products and the wages and taxes generated to name a few ways. We do not need government to designate some business as better than others. Government does not need to bestow some financial advantage because they are doing "good" things.
A more immediate effect will probably be the increased income of another private corporation, B Corporation, since on page 6 the bill requires:
“An assessment of the social and environmental performance of the benefit corporation, prepared in accordance with a third-party standard applied consistently with any application of that standard in prior benefit reports or…”
This initiative is a part of the overall Agenda 21 program. It is a push to convey greater and greater control by government over private enterprise. The longer term objective is to reduce private control over property and commerce, moving the United States toward facism and socialism.
Further, B Corporation itself is a money making scheme for the Left, through it's licensing of the logo. B Corporation funding comes from licensing of new B Corporation entities who are "certified" and from a host of left wing trusts and foundations. For another comparable example, think of the Chicago Climate Exchange.
There are a host of sources which the interested reader can use to begin learning about the B Corporation program. Again, this is not conspiracy, it is well documented, fully in the open. One need only understand how to spot and interpret all the code language which hides the true goals and intents. Once one begins to understand those goals and the interlinks between this initiative and the broader agenda , the breadth and scope of the overall intentions is alarming.