Susan Mac Cormac was quoted in the Financial Times article, “Investors widen focus to business models in assessing ESG impact.” The article explores how public benefit corporations (PBCs) can help mitigate the risk of a company losing its way as it grows or is taken over. The article also notes that investors are open to alternative corporate forms like PBCs and a purpose trust can provide oversight to ensure a company’s operations continues to align with its impact objectives.
Susan notes that “Having some equity held by a purpose trust — a public charity or an entity that has approval rights over conversion out, over changing the mission, or over the budget and how it relates to the mission — is really critical.”
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