•Whether the business should be organized in one of the new forms of corporations, such as a benefit corporation, that are being authorized.
•Will being organized in one of the new forms help or hinder the raising of investment capital?
•What new obligations will apply to a business organized in one of the new forms?
•Should the business seek to become a Certified B Corporation?
This OnDemand Webinar will answer those questions. Gain an understanding of the new corporate forms, the obligations of directors and officers of sustainable businesses, the issues involving how impact is measured and verified, and answers to other questions that advisors to sustainable businesses need to know how to answer.
Learning Objectives:
•You will be able to discuss the benefits of certification.
•You will be able to describe measuring and rating impact.
•You will be able to review emerging non-financial ESG reporting standards and disclosure initiatives.
•You will be able to recognize market drivers and motivating companies to act on sustainability.
Agenda
Faculty
William H. Clark, ,Jr.
Drinker Biddle & Reath, LLP
- Partner in the Philadelphia office of Drinker Biddle and Reath LLP where he practices in the areas of corporate governance, mergers and acquisitions, general business law, and government affairs
- Designed and drafted the Model Benefit Corporation Legislation that has been used as the basis for the 14 benefit corporation laws that have been enacted to date (in AR, CA, DC, HI, IL, LA, MA, MD, NJ, NY, PA, SC, VA, and VT); also participated in the drafting of each of those laws
- Served for a number of years as the reporter for the Title 15/Business Associations Committee of the Pennsylvania Bar Association and in that capacity wrote the 1988 Pennsylvania Business Corporation Law and the Pennsylvania Revised Uniform Limited Partnership Act
- He subsequently drafted the 1990 follow-on legislation to the 1988 BCL which made insurance corporations subject to the 1988 BCL and recodified the law on credit unions
- Draftsman of the 1994 Pennsylvania Limited Liability Company Law
- Reporter for a special committee of the ABA Business Law Section that prepared the comprehensive revision of the Model Nonprofit Corporation Act approved in 2008
- Pennsylvania commissioner to the Uniform Law Commission and has been the reporter for three of the ULC’s drafting committees
- Former chair of both the Business Law Section of the Pennsylvania Bar Association and the Business Law Section of the Philadelphia Bar Association
- Fellow of the American Bar Foundation and a member of the American Law Institute
- Listed in The Best Lawyers in America and Who’s Who in America
- J.D. degree, Temple University; master's degree in theology, Westminster Theological Seminary; graduate, Amherst College
- Can be contacted at [email protected]
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