Post by alanbond on Nov 12, 2020 21:39:09 GMT 4
Canada: BC Introduces Benefit Companies
10 November 2020
by Sarah Fitzpatrick
Miller Thomson LLP
On June 30, 2020, British Columbia became the first Canadian jurisdiction to permit corporations to incorporate as benefit companies. The concept of benefit companies or benefit corporations originated in the U.S. A benefit company is a for-profit corporation with a mandate to conduct business for a specific public benefit. The directors of the company must take into account the public benefit when carrying out their duties