Business leaders support the introduction of Benefit Company status in Australia

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ROSE MARCARIO,

CEO & PRESIDENT, PATAGONIA

"In Australia, this legislation will create a framework for accountable, transparent and responsible long-term decision-making at the corporate executive and board level and catalyse improved corporate behaviour without sacrificing profit."

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SIMON O'CONNOR,

CEO, RESPONSIBLE INVESTMENT ASSOCIATION AUSTRALASIA

“Benefit company status would make businesses more attractive to investors as it offers protection for company directors to consider society and the environment on equal footing with financial returns, while also offering accountability and transparency around a company’s mission.”

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GEOFF MANCHESTER,

CO-FOUNDER & GROUP DIRECTOR,


INTREPID GROUP

“Benefit Company is the way of the future. Showing that all stakeholders are important to a business and that you’re there not just to make profits – employees and consumers will be looking at that.”


I support the amendments to the Corporations Act proposed by B Lab Australia & New Zealand that would allow for benefit companies in Australia. These are companies that, while making a profit, have the public benefit of creating a material positive impact on society and the environment.
— Professor Ian Ramsay, Harold Ford Professor of Commercial Law, University of Melbourne

Other supporters include