FL H0757

Creates a new framework for "benefit corporations" in Florida that must pursue general public benefit (material positive impact on society and environment measured by independent third-party standards) in addition to standard corporate purposes.

Allows corporations to organize as benefit corporations or existing corporations to convert to benefit corporation status with shareholder approval, and permits termination of benefit corporation status through amended articles of incorporation.

Requires benefit corporation directors to consider effects of corporate actions on shareholders, employees, customers, communities, environment, and the corporation's ability to create public benefits, while providing liability protection for directors and officers acting in good faith compliance with these standards.

Mandates annual benefit reports filed with the Department of State and shareholders within 120 days of fiscal year end, including narrative descriptions of public benefit pursuit and independent third-party assessments of social and environmental performance, with public disclosure on the corporation's website.

Authorizes benefit corporations to bring enforcement actions against directors and officers for failing to pursue public benefits, violating benefit corporation duties, or failing to prepare annual reports, enforceable exclusively through derivative proceedings by shareholders, directors, or authorized parties.