Mississippi Benefit Corporation Act; create.

HB 342 creates Mississippi's Benefit Corporation Act, allowing businesses to formally elect "benefit corporation" status. This requires qualifying corporations to pursue a "general public benefit" (positive societal/environmental impact) alongside profit, with directors and officers held to new conduct standards. Key provisions include mandatory annual public benefit reports for shareholders and website disclosure, the option to appoint a "benefit director" or "benefit officer," and limited liability for failing to achieve public benefit goals. The law directly affects corporations choosing this status and their governance, while remaining compatible with existing Mississippi business corporation laws.