Common Good Corporations

Together, Common Good Bank communities can buy a controlling interest in corporations, restructuring each one for sustainability and dedication to the common good, making it a "Common Good™ corporation".

Common Good corporations will be certified by the Society to Benefit Everyone, a 501(c)(3) nonprofit organization, according to the following criteria. These criteria are focused on financial sustainability (in line with economic justice) and financial dedication to the common good. They are intentionally kept simple.

• The corporation's organizing documents contain this phrase, or the equivalent: "Above all, the Corporation will serve the common good."
• All of the corporation's net profits go to a Common Good-type bank or to municipal governments that operate by direct democracy.
• The corporation's investors receive at most an inflation-rate return upon selling their shares. They do not receive dividends or other compensation for ownership.
• The corporation's staff do not receive excessive compensation. Compensation for any staff member cannot exceed the 95^th percentile in any country, state, county, or metropolitan district where the staff member lives or works. Moreover, the hourly compensation for any staff member (including benefits) cannot exceed ten times the hourly compensation for any other staff member.