• Related Attorney(s):
• Susan D. Baker

• Practice Area(s):
• Business and Corporate Law

Maryland is one of only two states to give both new and existing corporations the ability to identify public benefit as a corporate purpose. Prior to enactment of the “Benefit Corporation” [B Corporation] statute, the directors and officers of a for-profit corporation could not consider public benefits in making decisions for the corporation without risking claims from stockholders that such decisions might negatively affect the corporation’s bottom line.

• Related Attorney(s):
• Matthew L. Kimball

• Practice Area(s):
• Business and Corporate Law

In May of this year, Gov. Martin O’Malley signed into law legislation adopting the International Green Construction Code (IgCC), giving local governments across Maryland the authority to adopt the code. Although Maryland was the first state in the nation to adopt the IgCC, Florida, North Carolina, Oregon and Rhode Island have quickly followed suit.

• Related Attorney(s):
• Paul M. Finamore

• Practice Area(s):
• Business and Corporate Law

Perhaps contrary to many expectations, major legislative and regulatory changes affecting the labor and employment landscape in 2010 were less than expected, with the outlook for legislative change in 2011 appearing to offer even less activity.