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News

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by Jason Haber for Entrepreneur.com – April 28, 2016

Two new corporate designations should help you if you decide to become a social entrepreneur: Certified B Corps and benefit corporations. Both are designed to galvanize social entrepreneurship community and further its goals.

The concept of a B corporation was developed in 2006 [read more...]

                                                                                                                                    

Social Purpose vs. Benefit Corporations: Small Distinction, Big Difference​

by Brad Edmondson for triplepundit.com – Tuesday, Mar 1st, 2016

Corporate lawyers often react negatively to benefit corporations. “I thought the idea was kooky at the first meeting,” says William Clark, a partner at Philadelphia law firm Drinker Biddle & Reath. “The law is impractical and unworkable,” says Michael Hutchings, a partner at DLA Piper in Seattle.

Clark’s first meeting happened in late 2008. His client was Jay Coen Gilbert, the co-founder of B Lab, who hired him to write model legislation for an entirely new kind of corporate form — a benefit corporation, which requires directors to pursue a social mission and minimize their environmental impact while also making a profit.

Gilbert believed in a philosophy of business known as [read more...]

                                                                                                                                    

Events

CEO Apologies: The Good, The Bad, and The Ugly​

May 26 AT 7:30 AM

Union League Club of Chicago - 65 W Jackson Blvd, Chicago, IL 60604

CEO Apologies Eventbrite Web.png 

Sometimes, being a CEO means having to say you're sorry. We've seen an explosion of corporate apologies over the last fifteen years -- from the CEOs of Volkswagen, Apple, Microsoft, General Motors, and many others.

The press and public routinely evaluate these apologies, dismissing some mea culpas as shams or even offensive, doing more harm than good. What, though, qualifies as an ethically sound apology? What makes a CEO apology resonate with its intended audience? And does the stock market care whether an apology is ethically sound?

Join us as Dr. Daryl Koehn, Managing Director at DePaul University's Institute for Business and Professional Ethics, addresses these important questions through the lens of cutting edge, qualitative and quantitative research into corporate apologies. A professor of philosophy who previously worked as a consultant and senior product manager at First National Bank of Chicago, Dr. Koehn has an extensive background in this area, having published numerous scholarly works on ethics and corporate governance.

Our forum opens with registration at 7:30 a.m., followed by breakfast service and the program at 8:00 and adjournment by 9:30; the cost is $25 per person (plus EventBrite processing fee).  Please note: the Union League Club of Chicago maintains a “business casual” dress code – i.e., no jeans/denim. For more information, please call the Union League Club of Chicago's Public Affairs office at (312) 435-5946.​

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