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Robert Hinkley is the originator of The Code for Corporate Citizenship. “The Code” is a 28 word phrase that he proposes be added to corporate charters in all 50 states. A social sector movement to change the laws governing all corporations in this manner is now in the early stages of development.
This phrase would be appended to the sentence in all charters that directs the officers and board of the corporation to conduct the affairs of the corporation for the financial benefit of the shareholders, period. Instead this sentence would replace the period with a coma, followed by the words – “... but not at the expense of the environment, human rights, the public health or safety, the communities in which the corporation operates, or the dignity of its employees.”
This phrase would be appended to the sentence in all charters that directs the officers and board of the corporation to conduct the affairs of the corporation for the financial benefit of the shareholders, period. Instead this sentence would replace the period with a coma, followed by the words – “... but not at the expense of the environment, human rights, the public health or safety, the communities in which the corporation operates, or the dignity of its employees.”
posted by Eric Reynolds at
7:05 PM
