Public Benefit Corporations would be a new class of legal structure options for Minnesota businesses. They would differ from regular corporations in that a “social benefit” would be a legitimate goal for the business — not just earning a financial return for the corporation’s shareholders. Under our current laws these social benefits are already permissible — if shareholders agree. Beyond whether this potential new classification is necessary or not, is it beneficial? How so?
More than 19 states have adopted laws like this — and more than a dozen are considering it. A recent one is especially important — Delaware — because it is looked to nationally for new trends in corporate law. Since Delaware has done so, there is great impetus for other states to climb on the bandwagon.
Join us for a dynamic panel discussion. Find out more about the current draft of the bill and its potential impact on both nonprofit and for-profit social enterprises.
Our Panel Discussion features:
Mark Ritchie, Minnesota Secretary of State
Jennifer Reedstrom Bishop, attorney at Gray Plant Mooty
Moderated by Tom Triplett, SEA Twin Cities board member and chair of the Public Policy Committee
Date: Thursday, November 14, 2013
Panel Discussion: 4:00pm-5:15pm
Social and Networking Time: 5:15pm-7:00pm
Thank you to our generous hosts, Gray Plant Mooty.
Please note, parking will be validated if you park in the IDS Center ramp located on Marquette Avenue between 7th and 8th Streets.
Free for SEA-TC Members! $10 for guests.