Benefit corporation

Veeva Becomes First Public Company to Convert to a Public Benefit Corporation

Thursday, January 14, 2021 - 7:03am

With shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC.

Key Points: 
  • With shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC.
  • As part of a public benefit corporation, I know my contributions will help make a positive impact in the world.
  • This release contains forward-looking statements, including the statements regarding the expected impact and benefits of Veevas conversion to a Delaware public benefit corporation.
  • Veeva and the Veeva logo are trademarks of Veeva Systems Inc.
    Veeva Systems Inc. owns other registered and unregistered trademarks.

Veeva Becomes First Public Company to Convert to a Public Benefit Corporation

Wednesday, January 13, 2021 - 9:54pm

With todays shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC.

Key Points: 
  • With todays shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC.
  • A key technology partner to the life sciences industry, Veeva is dedicated to customers mission to advance human health and wellbeing.
  • As part of a public benefit corporation, I know my contributions will help make a positive impact in the world.
  • This release contains forward-looking statements, including the statements regarding the expected impact and benefits of Veevas conversion to a Delaware public benefit corporation.

B2B marketing firm, c|change, earns B Corp certification

Thursday, January 7, 2021 - 4:00pm

CHICAGO, Jan. 7, 2021 /PRNewswire/ -- c|change (pronounced "sea change"), a strategy-driven B2B marketing agency, announced it has officially become a certified B Corporation (B Corp).

Key Points: 
  • CHICAGO, Jan. 7, 2021 /PRNewswire/ -- c|change (pronounced "sea change"), a strategy-driven B2B marketing agency, announced it has officially become a certified B Corporation (B Corp).
  • "We have three core valuesRadical Optimism, Compassionate Collaboration, and Mindful Creativityand B Corp certification is a reflection of our values in action.
  • To achieve certification, companies must meet the non-profit B Lab's high standards of social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
  • As part of the certification, each company receives a score on their B Impact Assessment that shows areas of strength and improvement.

Classy Announces Its B Corporation Certification

Tuesday, December 15, 2020 - 2:20pm

SAN DIEGO, Dec. 15, 2020 /PRNewswire/ -- Classy , a social enterprise technology company that helps nonprofit organizations maximize their impact through a suite of world-class, online fundraising tools, is proud to announce its B Corporation (B Corp) Certification .

Key Points: 
  • SAN DIEGO, Dec. 15, 2020 /PRNewswire/ -- Classy , a social enterprise technology company that helps nonprofit organizations maximize their impact through a suite of world-class, online fundraising tools, is proud to announce its B Corporation (B Corp) Certification .
  • B Corp Certification is the only certification that measures a company's entire social and environmental performance.
  • "Receiving our B Corp Certification is validation of everything Classy has done up until this point to invest in our customers, our employees, our shareholders, and our community as a force for good," says Scot Chisholm, CEO and Co-founder of Classy.
  • "We couldn't be happier to see Classy take this extra step of B Corp Certification and join our community of over 3,500 innovative companies."

Chalice Network and cleverDome Announce Strategic Partnership Providing Premier Cybersecurity Solution to Chalice Members

Thursday, December 10, 2020 - 2:00pm

"We are excited to Partner with cleverDome and bring yet again another very innovative and much needed service to our members of the Chalice Network.

Key Points: 
  • "We are excited to Partner with cleverDome and bring yet again another very innovative and much needed service to our members of the Chalice Network.
  • cleverDome was formed as an Arizona Benefit Corporation to create a solid and permanent commitment to deliver a community-based solution to protect confidential information in the cloud.
  • As a Benefit Corporation, cleverDome is obligated to:
    Consider the impact of its decisions on society and all stakeholders.
  • This problem is compounded by the demand for cybersecurity solutions that specifically address the risks of virtual and remote working environments.

Yulu Public Relations registers as a Benefit Company

Tuesday, October 6, 2020 - 7:33pm

One of the first 30 organizations in Canada to be named a Benefit Company and a strong supporter in advocating for Benefit Company legislation to be passed in British Columbia Yulus decision to pursue Benefit Company status reinforces the agencys ongoing, company-wide commitment to use business as a force for good.

Key Points: 
  • One of the first 30 organizations in Canada to be named a Benefit Company and a strong supporter in advocating for Benefit Company legislation to be passed in British Columbia Yulus decision to pursue Benefit Company status reinforces the agencys ongoing, company-wide commitment to use business as a force for good.
  • As part of the Benefit Company process, Yulu altered its corporate articles to include new provisions that outline public benefit commitments, holding the companys directors and its business practices to higher purpose-driven standards.
  • A Benefit Company (similar to benefit corporation designation in the US) is a for-profit company that commits to conducting its business in a responsible and sustainable way.
  • About Yulu Public Relations Inc.:
    Yulu PR is an international social impact communications and sustainability PR agency , established in 2011 and headquartered in Vancouver BC, with a satellite New York public relations office.

Veeva Forms Board Committee to Explore Becoming a Public Benefit Corporation

Wednesday, September 16, 2020 - 9:05pm

Veeva Systems (NYSE: VEEV) today announced it has formed a board committee to explore becoming a public benefit corporation (PBC).

Key Points: 
  • Veeva Systems (NYSE: VEEV) today announced it has formed a board committee to explore becoming a public benefit corporation (PBC).
  • A PBC is a for-profit corporation that has also adopted a public benefit purpose.
  • Veeva would pursue this public benefit purpose in addition to its existing goal of increasing shareholder value.
  • Veeva and the Veeva logo are trademarks of Veeva Systems Inc.
    Veeva Systems Inc. owns other registered and unregistered trademarks.

KRONOS ADVANCED TECHNOLOGIES PLANS SHAREHOLDER MEETING AND TO BECOME AMERICA'S FIRST OTC PUBLIC BENEFIT CORPORATION, CITING PURPOSE, ACCOUNTABILITY AND TRANSPARENCY

Wednesday, July 15, 2020 - 5:39pm

"Purpose, accountability, and transparency have become extremely important," said Joseph Florence, Chief Transformation Officer of Kronos.

Key Points: 
  • "Purpose, accountability, and transparency have become extremely important," said Joseph Florence, Chief Transformation Officer of Kronos.
  • The Public Benefit Corporation (PBC) is a corporate governance model that broadens the perspective of traditional corporate law by incorporating values such as purpose, accountability and transparency into their business models.
  • PBCs are for-profit companies that are obligated to consider the impact of their decisions on society, not only shareholders.
  • Fairness: Unlike many traditional companies, Kronos operates with complete transparency about pricing and about every available option to improve one's situation.