Sample Letter to CA Assembly in Support of AB 361
Dear Assemblyperson [Assemblyman/woman and a name sounds a little better],
More and more entrepreneurs are starting companies that seek not only to profit in the traditional sense but also to create a material positive impact on society and the environment. As such, corporate leaders and investors need to be able to run their businesses in ways that consider the interests of a variety of stakeholders and that incorporate a broader mission than simply maximizing profit. Unfortunately, traditional corporate law defines the fiduciary duty of corporate officers and directors narrowly, making it difficult for businesses with a social mission to make the kinds of complicated decisions they face every day, even when those decisions maximize returns to shareholders.
It’s time that California law recognized the important potential of so called Benefit Corporations to provide market based incentives for investing in solutions to the many social and environmental problems currently facing our state and the world.
This would be good for California. Each state should attempt to become “the” state for 21st century incorporation. What Delaware became for conventional corporations, California could become for the modern corporation.
I encourage you to support AB 361, which would establish legal infrastructure for the creation and oversight of Benefit Corporations in California. I also ask that you do everything in your power to convince your colleagues in the Senate to pass the bill as well. With the passage of Benefit Corporation legislation, California has a chance to be a real leader in creating the legal infrastructure necessary to support sustainable businesses in America.
Sincerely,
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More and more entrepreneurs are starting companies that seek not only to profit in the traditional sense but also to create a material positive impact on society and the environment. As such, corporate leaders and investors need to be able to run their businesses in ways that consider the interests of a variety of stakeholders and that incorporate a broader mission than simply maximizing profit. Unfortunately, traditional corporate law defines the fiduciary duty of corporate officers and directors narrowly, making it difficult for businesses with a social mission to make the kinds of complicated decisions they face every day, even when those decisions maximize returns to shareholders.
It’s time that California law recognized the important potential of so called Benefit Corporations to provide market based incentives for investing in solutions to the many social and environmental problems currently facing our state and the world.
This would be good for California. Each state should attempt to become “the” state for 21st century incorporation. What Delaware became for conventional corporations, California could become for the modern corporation.
I encourage you to support AB 361, which would establish legal infrastructure for the creation and oversight of Benefit Corporations in California. I also ask that you do everything in your power to convince your colleagues in the Senate to pass the bill as well. With the passage of Benefit Corporation legislation, California has a chance to be a real leader in creating the legal infrastructure necessary to support sustainable businesses in America.
Sincerely,
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posted by CMerkel at
11:25 AM
11 Comments:
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I support that, as stated,
Existing law provides for the Medi-Cal program, which is administered by the State Department of Health Care Services, under which qualified low-income individuals receive health care services. The Medi-Cal program is, in part, governed and funded by federal Medicaid Program provisions. Existing federal law authorizes a state, subject to federal approval of a state plan amendment, to offer health home services, as defined, to eligible individuals with chronic conditions.
This bill would authorize the department, subject to federal approval, to create a health home program for enrollees with chronic conditions, as prescribed, as authorized under federal law. This bill would provide that those provisions shall not be implemented unless federal financial participation is available and additional General Fund moneys are not used to fund the administration and service costs, except as specified. This bill would require the department to ensure that an evaluation of the program is completed, if created by the department, and would require that the department submit a report to the appropriate policy and fiscal committees of the Legislature within 2 years after implementation of the program.
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December 21, 2020 at 6:50 AM
Ok got it, Military Department: support programs. Existing law authorizes the Adjutant General to establish support programs, including morale, welfare, recreational, training, and educational programs, for the benefit of the Military Department.
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December 25, 2020 at 4:39 AM
This bill would name the support programs established by the Adjutant General the California Military Department Foundation. The bill would authorize the Adjutant General and the Military Department to enter into agreements with specified entities, including nonprofit and military or veteran foundations, to conduct California Military Department Support Fund activities, and to accept in-kind donations.
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I would check for some other information as well.
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