Fiscal Press Becomes a California Benefit Corporation

Keeping with its mission to improve financial literacy, Fiscal Press officially becomes a California benefit corporation.

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At Fiscal Press, students gain first-hand experience in running a corporation, and we feel that this is a great experience.

Calabasas, CA (PRWEB) November 30, 2012

Companies are increasingly deciding to align business profits with social responsibility by incorporating as benefit corporations. After receiving confirmation from the state of California, Fiscal Press, the publisher of the bestselling financial literacy thriller, Toby Gold and the Secret Fortune, officially became a benefit corporation on September 20, 2012.

A benefit corporation includes three pillars as its mission: to create a material positive impact on society and on the environment, to expand its fiduciary duty by considering non-financial interests when making decisions, and to report social and environmental performance using an independent third party standards. Fiscal Press has adopted the ISO 26000 corporate social responsibility standards as its guiding principles. The aim is to maximize shareholder wealth, while having a positive impact on the community and the environment. Beyond having a general social purpose, Fiscal Press has a specific social goal of promoting financial literacy.

Although not officially affiliated with the university in any way, Fiscal Press, Inc. is operated and managed by students at Pepperdine University’s Graziadio School of Business and Management in Malibu, California. Students serve in the various executive and management positions in return for stock options based on the company’s annual performance. “At Fiscal Press, students gain first-hand experience in running a corporation, and we feel that this is a great experience,” says Derek Pesta, head of marketing for Fiscal Press. “In addition to promoting financial literacy, this project has the added benefit of highlighting the school’s emphasis on social responsibility through its SEER Certificate (Socially, Environmentally, and Ethically Responsible), which places emphasis on the triple bottom line—people, planet, and profits.”

The first book published by Fiscal Press is Toby Gold and the Secret Fortune, a youth adventure thriller that introduces financial literacy principles. It was released in October of 2012 and has already achieved bestseller status on Amazon.com. The author of this first offering by Fiscal Press is Craig R. Everett, who is a finance professor at Graziadio.

Fiscal Press is currently accepting manuscripts for review in both fiction and non-fiction categories. In either case, books will only be considered that are somehow business-related. More information is available at http://FiscalPress.com


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