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California creates new corporation types that reward doing good

By: Kyle Westaway

Even as Wall Street is being occupied and corporations are reviled, there is a revolution quietly raging across the country that empowers corporations to be a strong force for good. This week, California joined that revolution when Governor Jerry Brown created two new classes of corporations for businesses that seek to pursue both profit and purpose: Benefit Corporations and Flexible Purpose Corporations.

These new legal structures are revolutionary in two ways. First, they broaden the duty of a company beyond maximizing shareholder value to include maximizing stakeholder value, such as operating the business in an environmental and social responsible manner. Second, they increase transparency and accountability.

Though it is the first state to pass the Flexible Purpose Corporation type, California is the sixth state to approve the Benefit Corporation classification.

Here is a look at exactly what Benefit Corporations and Flexible Purpose Corporations are, and what they could mean for your company.

What is a Benefit Corporation?

The Benefit Corporation is a new class of corporation that allows companies to pursue profit as well as a strong social and environmental mission.

Does Adaptive Management of Natural Resources Enhance Resilience to Climate Change?

Emerging insights from adaptive and community-based resource management suggest that building resilience into both human and ecological systems is an effective way to cope with environmental change characterized by future surprises or unknowable risks. In this paper, originally published in Ecology and Society, authors Emma Tompkins argue that these emerging insights have implications for policies and strategies for responding to climate change. The authors review perspectives on collective action for natural resource management to inform understanding of climate response capacity. They demonstrate the importance of social learning, specifically in relation to the acceptance of strategies that build social and ecological resilience. Societies and communities dependent on natural resources need to enhance their capacity to adapt to the impacts of future climate change, particularly when such impacts could lie outside their experienced coping range. This argument is illustrated by an example of present-day collective action for community-based coastal management in Trinidad and Tobago.

Strong Communities Are Necessary

by John McKnight
Co-Director of the Asset-Based Community Development Institute and Director of Community Studies of the Institute of Policy Researh, Northwestern University.


There is a new worldwide movement developing, made up of people with a different vision for their local communities. They know that movements are not organizations, institutions or systems. Movements have no CEO, central office, or plan. Instead, they happen when thousands and thousands of people discover together new possibilities for their lives. They have a calling. They are called. And together they call upon themselves.

In many nations local people have been called to come together to pursue a common calling. It would be a mistake to label that calling ABCD, or Community Building. Those are just names. They are inadequate words for groups of local people who have the courage to discover their own way—to create a culture made by their own vision. It is a handmade, homemade vision. And, wherever we look, it is a culture that starts the same way:

First, we see what we have—individually, as neighbors and in this place of ours.

LA-area hospitals prepare for the big quake

 

In 2008 emergency planners predicted that if a 7.8 magnitude earthquake struck southern California, 60 percent of hospital beds in Los Angeles, San Bernardino, Riverside, and Orange counties would be knocked out of commission.

To allow aid workers to treat the thousands of potentially injured residents during the quake, first responders are developing alternative medical care policies like emergency tents stocked with medical equipment.

Kay Fruhwirth, the head of the LA County Office of Emergency Management, said the number of available beds “is really dependent on the level of impact, but we have plans and we know in general what hospitals can do to meet increased demands for a lot of people who need medical care.”

To that end, Fruhwirth said surge tents would be put in place for initial triage and the sorting out of patients for short-term care. In addition, thirteen hospitals in ten locations throughout the region have Disaster Resource Centers, which are equipped with tent shelters that are capable of housing at least forty patients for the first forty-eight hours after a disaster.

All hospitals do planning for disasters, but these centers have additional supplies and equipment, which can also be moved to the impacted area,” Fruhwirth explained.

Social Innovation in Venice California

Venice, California has long been a center of innovation within Los Angeles.  Its boardwalk is a spectacle of creativity and entrepreneurship in an open community setting, where the LA megalopolis meets the beach and the Pacific Ocean.  This combination attracts millions of visitors a year in a very small area.

As a result, Venice -- in addition to its opportunities, also struggles with significant and growing challenges with homelessness, drugs, and crowd control, amongst the other problems that all communities face in an economic downturn within a time of energy descent. 

The result?  Both the opportunities and the problems now require creative energy from the Venice community itself to shape what Venice wants to be in the early 21st century. 

Please place your comments on how Venice community members might think about shaping their community to enhance it during the challenging years ahead. 

 

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Can Americans share? You bet! Especially for a fee.

Alex Wong/Getty Images:  Bicycles from the Capital Bikeshare program.

That question hung over the rows of identical fire-red bicycles lined up last week for the start of Capital Bikeshare in Washington, the nation’s largest bike-sharing program.

The Pursuit of Happiness

Research finds that money actually does help, but — when it comes to happiness — our relationships, generosity and gratitude buy a lot more.

Photo: a smiling Robert Emmons outdoors

Psychologist Robert Emmons has found that acts of gratitude — such as thanking people, volunteering, helping with homework — improve physical health and raise levels of energy. He is the author of the book, Thanks!: How Practicing Gratitude Can Make You Happier (Mariner Books, 2008).

Is happiness everything it's cracked up to be?

It depends. Throughout the ages, our greatest thinkers found happiness an inherently slippery thing to measure or define. Ancient Greek philosophers racked their brains in search of the cleverest answer to this question, and the brightest Enlightenment sages deeply pondered one of humanity's most perplexing and popular subjects.

Times change, and today we live in a huge-bandwidth world with learning and growing opportunities unimagined by our ancestors. Still, these two existential questions remain for us as they did for Aristotle: What is happiness, and how do we achieve it?

Green-thumb entrepreneurs turn a grocery list of items they can grow, hunt or collect themselves into extra cash.

Locking up his station wagon, the one with the scratched paint and unpaid bills covering the floor mats, Cam Slocum crossed the parking lot and stepped into the kitchen of the swanky French restaurant Mélissein Santa Monica.

A cook set down his knife and walked over to greet the stranger. Slocum held out a Ziploc bag filled with lettuce.

"Hi," said Slocum, 50, his deep voice straining to be heard. "I grow Italian mache in my backyard. It's really good, only $8 a pound. Would you like to buy some?"

A few feet away, chef de cuisine Ken Takayama glanced curiously at the lanky stranger in jeans and a worn plaid shirt. He's heard this sort of pitch before.

"Every day, every week, it's something new," Takayama said. "You name it, they have it."

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