In August 2019, a group of nearly 200 chief executives issued a statement, arguing that the role of corporations should be redefined from solely maximizing shareholder value to also “invest[ing] in their employees, protect[ing] the environment and deal[ing] fairly and ethically with their suppliers.” Making that shift is hard when boards of directors are subject to ...›
In this episode of Impactful Conversations, Michael Santos, a social-enterprise- and impact-investing associate in Morrison & Foerster’s San Francisco office, interviews Rodney Foxworth, the CEO of Common Future. Based in Oakland, California, Common Future tackles wealth inequality nation-wide by focusing on the needs of communities that have been the most negatively impacted by injustice, extraction, and exploitation. ...›
As the COVID-19 crisis continues to make capital markets, including venture capital, an uncertain source of financing, founders and boards of impact businesses may increasingly look to M&A and other strategic alternatives to assure their survival. Mergers, business and asset sales, large-scale technology licensing, as well as other strategies should all be on the table. ...›
Suz Mac Cormac, chair of the firm’s Energy and Social Enterprise and Impact Investing practices, spoke to The Recorder about how climate issues have created opportunities for law firms and their clients to help create positive change. “At first, the change was gradual, starting with pro bono work,” Suz said, but along the way “companies…started ...›
ClientSmart interviewed Morrison & Foerster’s Suz Mac Cormac, chair of the firm’s Social Enterprise and Impact Investing and Energy practices, about the Business Roundtable’s adoption of a new “Statement on the Purpose of a Corporation.” The statement changes the definition of the purpose of a corporation to include not just shareholders but also stakeholders: customers, ...›
Morrison & Foerster partner Suz Mac Cormac co-authored an article with PG&E’s Brian Wong for ACC Docket, a publication by the Association of Corporate Counsel, that covers how climate change impacts companies and how board members should address the related risks and issues. “Ignoring the impact of climate change on business in the long term ...›
MoFo Impact’s Suz Mac Cormac spoke on a panel at Climate Week NYC 2019 covering “Facilitating Investments Towards a 1.5˚C Future: How Can Companies Harness Investment Opportunities and Leverage Portfolios for a Net-Zero Future?” The panel covered investment strategies needed to ensure a sustainable and equitable path to net-zero emissions is delivered at an accelerated ...›
Significant commitments, partnerships, and new research projects worth trillions were announced during Climate Week 2019. The United Nations Global Compact and Accenture released findings from their CEO study on sustainability, which draws on insights from more than 1,000 CEOs. Caltech announced a $750 million donation aimed at scaling research on environmental sustainability and climate research. ...›
As food waste becomes a major global problem, grocery stores now offer “happy hours” as a solution. IKEA’s sustainability chief describes the company’s progress in becoming a circular business by 2030. The World Bank explains how data and artificial intelligence will change the education landscape. Clean energy has reached a tipping point: it’s cheaper to ...›
Insurance companies in California are choosing not to renew homeowners’ policies because of wildfire risk. The KKR Global Impact Fund received a $225 million investment from UBS. A new report by the World Resources Institute lays out a global action agenda to solve the world’s food loss and waste problem. A Harvard professor explains how ...›