Governance
Another unique- and important- requirement of B Corporations is stakeholder governance.
B Corp mandates that certified companies prioritise stakeholder governance, embedding it in their company’s legal framework. By doing so, the company must consider the impact of their decisions on all stakeholders (workers, communities, customers, suppliers, environment) beyond just shareholders.
This approach aims to maintain mission integrity, ensure consistency in stakeholder governance through changes in leadership or ownership and provide flexibility in financial decisions. It advocates for a broader responsibility towards creating long-term value for all involved, positioning businesses as forces for good and promoting an economy that benefits everyone.
