SUMMARY

This bill imposes a duty on directors and officers of a corporation formed under the laws of the State to act in a manner that is not injurious to the environment, human rights, public health or safety, the welfare of the communities in which the corporation operates or the dignity of the corporation's employees.

Under this bill, if 25 other states enact similar legislation and if the consolidated annual revenues of a corporation exceed $15,000,000, that corporation, its officers and its directors may be held liable for damages resulting from actions that cause damage to the public interest.