1. October 2016

2. Agenda
Where do you
stand now?
12.30pm – 1.00pm
Introduction to the B
Corp movement
1.00pm – 1.30pm
What’s involved
in certification?
1.30pm – 1.55pm
Panel: What does B
Corp mean to you?
1.55pm – 2.40pm
Understanding
the BIA
3.00pm – 3.30pm
Demo of
the BIA
3.30pm – 3.50pm
Time to
have a go
3.50pm – 4.40pm
Standards
Review
4.40pm – 5.00pm

3. Meet your fellow B Leaders
Pair up with someone and have a chat!
In 10 minutes, you’ll be introducing your partner to the
group…
Who are they?
What do they do?
What is their number one objective for this course?

4. Introduction to the B Corp movement

5. The history of the B Corp movement
https://www.youtube.com/watch?v=Hayf9Ob9fiQ

6. One day all companies will compete to be best for the
world, and as a result society will enjoy a more shared
and durable prosperity for all

7. 60+
GIIRS RATED FUNDS
42,000+
USERS OF THE BIA
-
-
100+
MEASURE WHAT MATTERS
PARTNERSHIPS
1800+
CERTIFIED B CORPS
50
COUNTRIES
130
INDUSTRIES
1
UNIFYING GOAL
CERTIFIED
B CORPS
MEASURE WHAT
MATTERS
NEW
LEGISLATION
3500+
BENEFIT CORPS
33
LAWS PASSED
G8
TASKFORCE
ERISA
REFORM

9. UK community & regional presence
Benefit Company legislation
Mobilising the
B Corp movement
in the UK
Team of 5 with some extra support!
Growth: B Leaders & MWM
Community: collaboration & events

10. 103
CERTIFIED B CORPS
£680m
TOTAL REVENUE

11. https://www.youtube.com/watch?v=HgZSwzCQ3g0&feature=youtu.be
Let’s hear from the B Corp
community…
why did you become a B Corp?

12. The B Corp certification process

13. How to become a certified B Corp…
1
Pass the
performance test
2
Meet the legal
requirement
3
Make your
status official
4
Pay the
certification fee
Score 80+ on the B
Impact Assessment.
Complete your
Standards verification
and Disclosure
Questionnaire
Amend your
company’s constitution
to reflect stakeholder
objectives
Sign the B Corp
declaration to show
your commitment
Depending on your
revenue, the
certification fee ranges
from £500 to £50,000

14. How to become a Pending B Corp…
1
Complete the BIA on
an aspirational basis
2
Meet the legal
requirement
3
Pay the
certification fee
4
Sign the Term
Sheet
Fill in the BIA based
on what you think
you will achieve in
the your first 12
months of operations
Amend your
company’s constitution
to reflect stakeholder
objectives
Pending B Corps are
required to pay the
certification fee of
£250
The Term Sheet sets
out the Pending B
Corp requirement

15. Demystifying the B Corp legal change
.
What is the Legal Test?
Commitment to the triple bottom line
Uses Companies Act Article 172A as legal basis to ensure a B Corp enshrines
commitment to:
- creating a material positive impact on society and the environment
through its business and operations
- considering ‘stakeholder interests’ – including shareholders, employees,
suppliers, society and the environment
- Provides comfort to Directors that stakeholders are not granted rights of
recourse against Directors

16. Demystifying the B Corp legal change
.
What is the process for implementing the Legal Test?
1. Board members review and develop timelines for implementation
2. Circulate to internal stakeholders for review (e.g. investors, audit committee, risk
committee, legal counsel, investment committee)
3. Board consider feedback. Any variations to language must be approved by B Lab
UK
4. Board approve language and convene a shareholders’ general meeting or, for
private companies, a written resolution
5. Shareholders approve by passing a special resolution
6. File amended Articles with Companies House

17. Peter
Gilheany
Forster
Communications
Delfina
Zagarzazu
One Planet MBA
Sistema B
What does B Corp mean to you?
Jamie
Audsley
Share Action
Nancy
Sawan
Sloan Fellow
https://vimeo.com/162814510

18. Learning outcomes
At the end of this module, you will be able to :
Understand the history of the B Corp movement, B Lab’s global
approach and how B Corps fit into the wider economy
Understand B Lab UK’s vision and strategy for redefining
success in business in the UK
Understand the high-level process involved in certifying as a B
Corp, including the legal change

19. Agenda
Where do you
stand now?
12.45pm – 1.00pm
Introduction to the B
Corp movement
1.00pm – 1.30pm
What’s involved
in certification?
1.30pm – 1.55pm
Panel: What does B
Corp mean to you?
1.55pm – 2.40pm
Understanding
the BIA
3.00pm – 3.30pm
Demo of
the BIA
3.30pm – 3.50pm
Time to
have a go
3.50pm – 4.40pm
Standards
Review
4.40pm – 5.00pm