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Is going public always a ‘disaster’ for purposeful businesses? – Artemis Investment Management

Becoming a public-benefit corporation allows listed companies in the US to ensure sustainability is a core, legally protected principle rather than an afterthought.

Posted on Nov 23, 2022

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  • Some purpose-driven businesses may worry that becoming a listed company might threaten their values and long-term goals.
  • Becoming a public-benefit corporation (PBC) is a powerful way for mission-oriented listed businesses to protect their core values.
  • PBCs such as Veeva and Coursera demonstrate that furthering the interests of their shareholders can go hand-in-hand with pursuing their missions.
Can you be both purposeful and public? Or, put another way, can public companies be positively impactful?

Artemis disclaimer: For UK professional investors only.

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