A California bill, SB 201, authored by state senator Mark DeSaulnier, proposes a new corporate form that blends money and mission. The idea is to allow social enterprises, which are often organized as either non-profits or for-profit/non-profit hybrids, to access capital from mainstream investors. As a Flexible Purpose Corporation (Flexible Corp.), a company could make […]
Tag Archives | Keith Bishop
CalPERS’ 3D Advisory Committee
James McRitchie, 11/13/2010 ,
Keith Bishop reports, CalPERS’ 3D Advisory Committee May Be Appointed Soon « California Corporate & Securities Law. I don’t know what the application process is or if it is by invitation only but Mr. Bishop would be an excellent addition to the Committee. Yes, a significant portion of the members should be drawn from those […]
What if a Proxy Access Candidate Isn't Qualified?
James McRitchie, 09/01/2010 ,
Keith Bishop begins to address at least one of the issues raised by J.W. Verret (Defending Against Shareholder Proxy Access: Delaware’s Future Reviewing Company Defenses in the Era of Dodd-Frank) but in a much more positive manner. What happens when a shareholder nominates someone who doesn’t meet the qualification requirements of the bylaws?… One approach […]