Wisconsin § 204.401 - Annual benefit statement.

§ 204.401. Annual benefit statement.

204.401(1) (1) A benefit corporation shall annually provide its shareholders, within 30 days of the end of the benefit corporation’s fiscal year, with a statement as to the benefit corporation’s promotion of general public benefit or any specific public benefit identified in its articles. The statement shall include all of the following: 204.401(1)(a) (a) The objectives the board of directors has established to promote general public benefit or any specific public benefit. 204.401(1)(b) (b) The standards the board of directors has adopted to measure the corporation’s progress in promoting general public benefit or any specific public benefit. 204.401(1)(c) (c) Objective, factual information based on the standards under par. (b) regarding the benefit corporation’s success in meeting the objectives under par. (a) and in promoting public benefits and interests. 204.401(1)(d) (d) An assessment of the corporation’s success in meeting the objectives under par. (a) and in promoting general public benefit or any specific public benefit. 204.401(2) (2) The articles or bylaws of a benefit corporation may require that the benefit corporation do any of the following: 204.401(2)(a) (a) Make the statement described in sub. (1) available to the public. 204.401(2)(b) (b) Use a 3rd-party standard in connection with or attain a periodic 3rd-party certification addressing the corporation’s promotion of general public benefit or any specific public benefit identified in its articles. 204.401 History History: 2017 a. 77 . Down Down /statutes/statutes/204 true statutes /statutes/statutes/204/iv/401 statutes/204.401 statutes/204.401 section true Menu » Statutes Related » Statutes » Chapter 204 × Details for PDF view Link (Permanent link) Bookmark this location View toggle Go to top of document Search in this chapter Search in this section Search in this agency Search in this chapter group Search in this chapter Search in this section Cross references for section Acts affecting this section References to this 1970 Statutes Annotations Appellate Court Citations Administrative Code Index Reference lines Clear highlighting 2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 and through all Supreme Court Orders and Controlled Substances Board Orders filed before and in effect on August 5, 2026. Published and certified under s. 35.18. Changes effective after August 5, 2026, are designated by NOTES. (Published 8-5-26)