Organizations with purpose: Benefit corporations

The article explores the practices of benefit corporations associated with triple-bottom line. The Benefit Corporation is a legal form of social enterprises adopted in the US since 2010; more than half of the state governments offer this corporation status that allows firms incorporating social and environmental goals as a legitimate element of their business. By design, it has the potential to flourish a new breed of corporations to positively transform society. Since imprinting takes place in the early years of companies, this paper attempts to understand the nature of benefit corporations by studying their practices. This might shed light on how benefit corporations might survive and thrive in the complex business world.