2019 Breckinridge Sustainability Report - Page 37



DISCLOSURES
STATEMENT OF ANY CONNECTION BETWEEN THE ORGANIZATION THAT ESTABLISHED THE
THIRD-PARTY STANDARD, OR ITS DIRECTORS, OFFICERS OR ANY HOLDER OF 5% OR MORE OF
THE GOVERNANCE INTERESTS IN THE ORGANIZATION, AND THE BENEFIT CORPORATION OR ITS
DIRECTORS, OFFICERS OR ANY HOLDER OF 5% OR MORE OF THE OUTSTANDING SHARES OF THE
BENEFIT CORPORATION, INCLUDING FINANCIAL OR GOVERNANCE RELATIONSHIP WHICH MIGHT
MATERIALLY AFFECT THE CREDIBILITY OF THE USE OF THE THIRD-PARTY STANDARD
Breckinridge is committed to act with the highest standards of purpose, accountability and
transparency for all its stakeholders. In order for us to observe our company on the continuum –
that is, measuring and challenging our corporate sustainability efforts – it is imperative to us that
the third-party standard remain independent and free of any material conflicts that could affect the
credibility of the standard. To that end, we selected to become a certified B Corp because there is no
connection between Breckinridge and B Lab, the non-profit organization that created and awards B
Corp certifications to for-profit organizations.
IF THE BENEFIT CORPORATION HAS DISPENSED WITH, OR RESTRICTED THE DISCRETION OR
POWERS OF, THE BOARD OF DIRECTORS, A DESCRIPTION OF:
i. THE PERSONS THAT EXERCISE THE POWERS, DUTIES AND RIGHTS AND WHO HAVE THE
IMMUNITIES OF THE BOARD OF DIRECTORS, AND
ii. THE BENEFIT DIRECTOR, AS REQUIRED BY SUBSECTION (D) OF SECTION 11
Our Board of Directors is accountable to all stakeholders as defined by our benefit corporation
designation. As such, they supervise how we conduct ourselves and manage our business.
Breckinridge has not dispensed or restricted the discretion or powers of the Board so that they can
act for the benefit of all stakeholders.
36

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