Tennessee

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. 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 one 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. The report must include the Name and Address of the Benefit Director and Officer, Director Compensation, and statement of the Benefit Director.
  9. The report must include a statement of any material connection between the organization that established the third-party standard and the benefit corporation.
  10. The report must include the production of any written correspondence concerning the circumstances surrounding a resignation, refusal, or removal of a Benefit Director.

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