A benefit corporation (or B-Corp)is an organization certified by the nonprofit B Lab to ensure strict standards of social and environmental performance,accountability,and transparency are met.According to the book,which of the following statements is true? A)Large nonprofits are leaders in this movement. B)To host a telethon to raise money,an organization must be a B-Corp. C)The certification protects a company from lawsuits from stakeholders. D)All of the answers are correct.

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Pulkit Agarwal · Accepted Answer

Final Answer : C, Explanation :  The certification for a benefit corporation (B-Corp) is designed to ensure that companies meet high standards of social and environmental performance, accountability, and transparency. One of the key aspects of being a B-Corp is the legal protection it offers companies against lawsuits from stakeholders who might argue that the company is not prioritizing shareholder value over its social and environmental goals. This legal protection allows B-Corps to focus on their mission without the same level of concern for shareholder lawsuits that traditional corporations might face.

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