BENEFIT CORPORATIONS: The Italian Experience

Posted Posted in Corporate Law

By Alessandro Grangiotti, Partner, Aliant Italy and Mariangela Zito, Partner, Aliant Italy. Italy is the first European country inspired by the American legislative initiative of 2010 to introduce with the 2016 Budget Law a similar business model into their legal system: the so called Società Benefit (SB), that integrates the profit-oriented economic activity with the purpose of common benefit producing in the long-term positive effects on territories and the environment, people, communities and other stakeholders, and several successful experiences can now be counted. […]