In The News

California Bank Takes up 'dual Fiduciary Duties' with Benefit Corp Status

S&P Global

20 Dec 2018

Morrison & Foerster partner Susan H. Mac Cormac explains the considerations banks should be mindful of when deciding whether to reincorporate as a public benefit corporation in the S&P Global article “California bank takes up 'dual fiduciary duties' with benefit corp status.”

“[Banks] really needs to consider the impact of this change on the valuation of the company and the business of the company,” she said.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.