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

S&P Global

12/20/2018

Susan H. Mac Cormac

Social Enterprise + Impact Investing and Corporate

In The News

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.

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