New California Law to Require Representation from “Underrepresented Communities” on Boards of Public Companies Headquartered in California
- 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... ›
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... ›MoFo Spearheads California Task Force to Save Small Businesses
By: Susan H. Mac Cormac, Michael P. Santos, Alfredo B. D. Silva and Olga Terets
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... ›Restorative Investing: How the Impact Investing Model Could Be Used to Support Vulnerable Communities in the Time of COVID-19
By: Michael P. Santos
For the second time in a little over a decade, the United States is facing an economic crisis on a near-unprecedented scale, while simultaneously battling the worst pandemic in over a century. To date, over 80,000 people have died in the United States from... ›The Americans Podcast: How Can New Corporate Form Help Save the Planet?
By: Susan H. Mac Cormac
Suz Mac Cormac was a guest speaker on The Americans podcast with Chelsea Spieker, titled “How Can New Corporate Form Help Save the Planet?” The episode provides a brief update on COVID-19 around the world, followed by a discussion with Suz on impact investing... ›Lawyers Helping Small Businesses Navigating CARES Act Funding Requirements
By: Susan H. Mac Cormac
Suz Mac Cormac spoke to the Daily Journal for an article featuring the Bay Area Small/Social Enterprise Task Force (BASE Force), which is a group led by Morrison & Foerster with other legal, financial, and nonprofit professionals who are guiding small businesses through emergency... ›Bay Area Small/Social Enterprise Task Force: Guide To COVID-19 Resources And Relief
By: Susan H. Mac Cormac, Alfredo B. D. Silva, Olga Terets and Michael P. Santos
As members of the Bay Area Social/Small Enterprise Task Force (BASE Force), Morrison & Foerster attorneys Suz Mac Cormac, Alfredo Silva, Kaela Colwell, Olga Terets, and Michael Santos have compiled a resource guide for Bay Area small businesses impacted by COVID-19. BASE Force is... ›As Wildlife Threats Grow Worldwide, Law Firms Build Climate-Focused Practices
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... ›Suz Mac Cormac Recognized as a Woman Leader in Tech Law
The Recorder has named Susan “Suz” Mac Cormac to its list of Women Leaders in Tech Law. The award celebrates lawyers who tackle the tech industry’s biggest courtroom clashes, help build its most innovative companies, and negotiate deals that move markets. As highlighted by... ›Voices in Sustainability: Interview with Susan (Suz) Mac Cormac
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... ›