MoFo Impact

October 21, 2020 - Funding - Financing, Resources
Impactful Conversations: Discussing Community Development Financial Institutions (CDFIs)
By: Michael P. Santos
In this episode of Impactful Conversations, Michael Santos, a social enterprise and impact investing associate in Morrison & Foerster’s San Francisco office, interviews Bulbul Gupta, the president and CEO of Pacific Community Ventures (PCV), a Community Development Financial Institutions (CDFI) fund based in Oakland,
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September 30, 2020 - Funding - Financing, Resources
Impactful Conversations: A Conversation with Andrew Macintosh at March Fund
By: Susan H. Mac Cormac
In this episode of Impactful Conversations, Susan Mac Cormac, the chair of MoFo’s Energy and Social Enterprise and Impact Investing practices, interviews Andrew Macintosh, the COO and CFO of the March Fund—a tech fund focused on the development of food and health solutions that support
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September 03, 2020 - Resources
Recent Changes in Human Capital and D+I for Public Companies
By: Jackie Liu and Alfredo B. D. Silva
On August 26, 2020, the Securities and Exchange Commission (SEC) announced, as part of its ongoing initiative to modernize Regulation S-K disclosure, amendments that add human capital resources as a separate disclosure topic, including any human capital measures or objectives that issuers focus on
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September 03, 2020 - Resources
New California Law to Require Representation from “Underrepresented Communities” on Boards of Public Companies Headquartered in California
By: Jackie Liu and Alfredo B. D. Silva
California’s Assembly Bill (“AB”) 979 is set to make waves both within the state and across the country as a groundbreaking new law that would require companies to diversify their boards and reserve seats for directors from “underrepresented communities.” The bill defines a director
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September 03, 2020 - Resources
Capital Markets Embrace a Novel Corporate Form
By: Alfredo B. D. Silva and Susan H. Mac Cormac
In 2013, Delaware passed legislation adopting a new corporate form, the public benefit corporation (PBC), with a view to allowing directors of for-profit corporations to take actions not just in pursuit of stockholder returns, but also with the “[intent] to produce a public benefit
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August 12, 2020 - Reporting, Corporate Form, Measuring
SASB and GRI Team Up to Tackle the Opaque Landscape of ESG Reporting
By: Alfredo B. D. Silva
The year 2020 was already predicted to be a year of heightened focus on environmental, social, and governance (ESG) topics for public companies—and that was before the COVID-19 pandemic and widespread protests galvanized by the Black Lives Matter movement increased the call for corporate
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August 11, 2020 - Funding - Financing, Reporting, Measuring
ESG Goes Mainstream: How “Return First” PE Funds Can Factor ESG Considerations into Their Investment and Portfolio Management Strategies
By: Susan H. Mac Cormac
Considering environmental, social, and governance (ESG) factors when making an investment is no longer solely the province of “impact-first” investors—those who prioritize social or environmental impact above return on capital—but has become, to one degree or another, the norm among private equity (PE) funds.
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July 30, 2020 - Resources
MoFo Spearheads California Task Force to Save Small Businesses
By: Susan H. Mac Cormac, Michael P. Santos and Alfredo B. D. Silva
When California became the first state to go into COVID-19-related lockdown in late March, Morrison & Foerster San Francisco-based corporate partner Susan (Suz) Mac Cormac was alarmed by what she knew would be a devastating impact on the state’s small businesses. Her concern was compounded by
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July 10, 2020 - Funding - Financing, Corporate Form
DELAWARE LEGISLATURE PASSES AMENDMENT ON PUBLIC BENEFIT CORPORATIONS
By: Alfredo B. D. Silva and Michael P. Santos
In August 2013, the Delaware legislature added a new subchapter to the Delaware General Corporation Law (DGCL), allowing corporations to be formed as, or convert to, a public benefit corporation (PBC). [1] A PBC is defined as a for-profit corporation “that is intended to
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July 01, 2020 - Reporting, Measuring
COVID’s Impact on PBC Fiduciary Duties: Understanding Director Obligations in an Economic Downturn
By: Alfredo B. D. Silva
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
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Impactful Conversations: Discussing Community Development Financial Institutions (CDFIs)

By: Michael P. Santos

Impactful Conversations: A Conversation with Andrew Macintosh at March Fund

By: Susan H. Mac Cormac

Recent Changes in Human Capital and D+I for Public Companies

By: Jackie Liu and Alfredo B. D. Silva

New California Law to Require Representation from “Underrepresented Communities” on Boards of Public Companies Headquartered in California

By: Jackie Liu and Alfredo B. D. Silva

Capital Markets Embrace a Novel Corporate Form

By: Alfredo B. D. Silva and Susan H. Mac Cormac

SASB and GRI Team Up to Tackle the Opaque Landscape of ESG Reporting

By: Alfredo B. D. Silva

ESG Goes Mainstream: How “Return First” PE Funds Can Factor ESG Considerations into Their Investment and Portfolio Management Strategies

By: Susan H. Mac Cormac

MoFo Spearheads California Task Force to Save Small Businesses

By: Susan H. Mac Cormac, Michael P. Santos and Alfredo B. D. Silva

DELAWARE LEGISLATURE PASSES AMENDMENT ON PUBLIC BENEFIT CORPORATIONS

By: Alfredo B. D. Silva and Michael P. Santos

COVID’s Impact on PBC Fiduciary Duties: Understanding Director Obligations in an Economic Downturn

By: Alfredo B. D. Silva