Monthly Archives: August 2013
While looking for the existing different kinds of corporations and laws under which an enterprise can function, I came across the “Benefit Corporation”. It is so impressive how doing business changes slowly and how initiating change takes serious law changes.
I initially found the info on a Forbes article by B Lab Co-Founders Jay Coen Gilbert, Bart Houlahan and Andrew Kassoy. Below is some info on what a Benefit Corporation is and what B Lab does.
About Benefit Corporations:
“A benefit corporation is a new class of corporation that voluntarily meets higher standards of corporate purpose, accountability, and transparency.
Benefit Corporations are a new class of corporation that 1) creates a material positive impact on society and the environment; 2) expands fiduciary duty to require consideration of non-financial interests when making decisions; and 3) reports on its overall social and environmental performance using recognized third party standards.” More info here.
About B Lab:
“B Lab is a 501(c)3 nonprofit that serves a global movement of entrepreneurs using the power of business to solve social and environmental problems. B Lab serves these entrepreneurs through three interrelated initiatives that provide them the legal infrastructure and help them attract the customers, talent, and capital to scale.
Certified B Corporations
GIIRS Ratings & Analytics.”
More info here.
The Pilot Project “@ Diversity – Innovative Ideas for the cultural and creative sector in Europe” is an initiative funded by the European Union. Its implementation is entrusted to the Directorate General for Education and Culture of the European Commission which, following an open call for tender, awarded the contract to a Consortium composed of Peacefulfish, Kennisland and MFG.
While the digital shift is having a massive impact on how cultural goods are created, managed, disseminated, accessed, consumed and monetized, @Diversity responds to the new needs of Europe emerging from the changes in the life-cycle of a cultural product or creative idea from its creation/inception to the experience it offers to the audience and the gradual correlation of expressive forms with new media.
The overall objective to which @Diversity will contribute is to test innovative approaches to deal with cultural content for innovation and digital sharing and distribution and – in doing so – to contribute to the exploration of new business models respecting cultural diversity.
The specific objective of @ Diversity is expressed by the promotion of 10-15 ideas and the development of replicable business models.
The innovative approach to culture will result in fostering a new way of business development in the cultural and creative sectors in Europe.
Culture in Europe will exceed its traditional boundaries and be progressively perceived as a dynamic process of giving shape to, preserving, sharing, experiencing and interacting with the products of human creativity. The richness of Europe’s cultural heritage and its abundant creative resources will thus become the privileged matrix of innovative ideas put into practice.
For more info, click here.