Public Benefit Corporations (PBCs) are Gaining Traction: What Asset Managers Need to Know

The heightened sensitivity to environmental, social, and governance (ESG) considerations among investors has led to an increased focus on Public Benefit Corporations (PBCs). While this new legal form has been available to companies in the United States for almost a decade, the PBC now appears poised for even faster adoption. But aside from the hype and slick marketing from some of the form’s promoters, asset managers need to understand what PBCs are (and what they are not) and how they operate before making investment decisions.

This latest issue of Morrison & Foerster’s Sovereign Investor Insights series discusses the characteristics of PBCs, how they differ from traditional corporations, their unique reporting requirements, their advantages and disadvantages, and other relevant issues for investors that wish to invest in a PBC or wish to convert a traditional corporation to a PBC.

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