With the Sunset of Its Dual Class Arriving, Veeva Systems (VEEV) Decides to Embrace Stakeholder Governance and Become a Public Benefit Corporation
Transactional Delights
OCTOBER 28, 2020
With the loss of its dual class, VEEV has decided to act proactively by calling a special meeting proposal to adopt an amendment to its Charter to become a Public Benefit Corporation (PBC) [4]. In Delaware, a PBC is still a for-profit company. 7] “ Don’t be evil ” – Google circa 2004. [8] What are some well-known PBCs?
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