Iowa

Requirements:

1. A benefit corporation shall, no less than biennially, provide its shareholders with a report addressing the public benefit or benefits specified in the articles of incorporation and the interests of those materially affected by its conduct.

Include:

1. The objectives the board of directors has established to address such public benefit or public benefits and interests.
2. The standards the board of directors has adopted to measure the corporation’s progress in addressing such public benefit or public benefits and interests.
3. Factual information based on those Standards regarding the corporation’s success in meeting the objectives for addressing such public benefit or public benefits and interests.
4. An assessment of the corporation’s success in meeting the objectives and addressing such public benefit or public benefits and interests.
5. The articles of incorporation of a benefit corporation may require that the corporation do any of the following:
   1. Provide its report more frequently than biennially.
   2. Make the report available to the public.
   3. Use a third-party standard in connection with or attain a periodic third-party certification addressing the public benefit or public benefits identified in the public benefit provision in the articles of incorporation or the best interests of those materially affected by the corporation’s conduct.

Resources:

• legis.iowa.gov