B Corps General Questions
Score needed to become a B Corporation?
80/200
What were corporations considered in the 80s-90s according to Lynn Stout?
Great, social institutions that served many constituencies (shareholders, customers, employees, local communities)
Whose thesis emphasizes that the responsibility of a business is to solely make profit?
Friedman
Where is Luke from?
Seattle
What is BC Football record this year?
4-1
What year did B Lab start?
2007
How did managerialism chance the SEC rules?
Rules passed are designed to give shareholders more power over board of directors
What is a shareholder?
An individual or entity that holds a share of ownership in a corporation
Where is Lucy from?
Old Greenwich, CT
What is the dining hall in Lyons Hall called?
Rat
What does ESG stand for?
Environmental, Social, Governance
What determining factor is necessary for companies that want tax deductibility?
share price
Name 5 possible stakeholders of a given business:
employees, customers, local communities, government, suppliers, environment, shareholders...
What are Lucy and Luke majors?
Finance! (information systems also accepted)
What is the BC Mascot named?
Baldwin
How many B Corps exist as of today?
8990
What is the main reason why the number of public corporations has dropped from ~9,000 in the 90's to ~4,000 today?
Corporations belong to shareholders and should be run to maximize shareholder value
What is Mackey's Thesis?
Businesses exists in communities and they affect those communities both for good and bad. Therefore businesses have a responsibility to the community.
What country is Lucy a dual citizen of?
South Africa
How many floors are in Fulton?
What questionnaire do B Corporation have to fill out every three years in order to maintain their certification?
B Impact Assessement (BIA)
What is the Business Judgment Rule? How does this apply to Shareholder Value?
Business Judgement Rule - as long as the directors are operating in what they honestly believe is the best interest of the corporate entity, then they are protected by the law.
If this is the case, then the assumption is that the best interest of the corporate entity would also maximize shareholder value.
What would Friedman say about corporate social responsibility (CSR)?
He thinks it leads to a conflict of interest. Individuals have responsibility and should have more freedom.
What was the last name of Lucy and Luke's freshman year Portico professor? (Hint: guest speaker)
Melissa Fitzpatrick
Name 10 buildings on campus (including dorms)
.....