Kassoy also discussed some of the noteworthy differences between the Benefit Corporation model legislation and the Delaware law.

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Along those lines, the American Legislative Exchange Council, an organization of nearly 2, 000 conservative state legislators, earlier this year adopted model legislation drafted by the American Principles Project that caps pension payouts at the private sector median.

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Instead the strategy is to roll EPR out in a few states, fine tune those programs so that other states have a model, and then watch the legislation spread, as it has in the case of other products.

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The amendments are based on model legislation sponsored by the American Legislative Exchange Council (ALEC), a bipartisan association of conservative state legislators.

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