Mexico
Attachment 1 – To be inserted in the clause that establishes the corporate purpose.
The purpose of the company will be:
The corporate purpose of the company must include having a positive material impact on society and the environment, considered as a whole, evaluated taking into consideration the standards of an independent third party, from the business and operations of the company.
Attachment 2 – To be inserted in the clause that establishes the powers of the administrative body.
[Powers]
In the performance of their powers, the [Board of Directors / Board of Managers / Sole Administrator], as well as the officials designated in terms of these bylaws, must take into account in any decision or action, the effects of said decision or action with about:
(i) the [partners / shareholders];
(ii) the employees and the workforce of the company, its subsidiaries and its suppliers;
(iii) the clients and consumers of the company;
(iv) the community;
(v) the local and global environment;
(vi) the performance of the company in the short and long term;
and (vii) the company’s ability to fulfill its corporate purpose.
The foregoing only creates exclusive rights and obligations of the [partners / shareholders] and the [Board of Directors / Board of Managers / Sole Administrator], so that no third party may enforce, in any way, obligations against the company or its bodies of administration.
Important
This official language was prepared and approved by Legal Community B with the aim of promoting an advocacy agenda in a regulatory framework and public policies favorable to movement B.
Other versions of this language will not be accepted as compliance with the legal requirement for the country. Each company must include the statutes as indicated.