Maryland

Requirements:

  1. The ways in which the benefit corporation pursued general public benefit and the extent to which it was created.
  2. The ways in which the benefit corporation pursued a specific public benefit and the extent to which it was created.
  3. Any circumstances that have hindered the benefit corporation in creating the general or specific public benefit.
  4. While the statute requires a third-party standard to be used, it does not require the report to include the process and rationale for selecting the third-party standard.
  5. An assessment of the overall social and environmental performance against a third-party standard.
  6. The third-party standard must be applied consistently from 1 year to the next.
  7. If the standard is not applied consistently, the report must include the reasons for the inconsistency or the reasons for the change to the new standard.
  8. Report DOES NOT have to include the Name and Address of the Benefit Director and Officer, Director Compensation, Statement of the Benefit director, Conflicts between the Third-Party Standard Organization and the Benefit Corporation, or the production of any written correspondence concerning the circumstances surrounding a resignation, refusal, or removal of a benefit director.
  9. The report must be delivered within 120 days of the end of the benefit corporation’s fiscal year and posted on the benefit corporation’s public website if any exists.

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