March 19, 2014

Bill Clark to be Featured at the PBA’s Second Annual Giants of the Business Bar

Philadelphia partner Bill Clark will be featured at the Second Annual Giants of the Business Bar presented by the Philadelphia Bar Association on Wednesday, April 23, from 5-6:30 p.m. at Eckert Seamans Cherin & Mellott, LLC. The program recognizes legal giants who have had a significant impact on the practice of business law in Philadelphia and beyond.

While Bill is best known for his work writing the Pennsylvania business corporation and other entity laws, the discussion will include his activities in a number of other areas:

  • He drafted and directed the successful lobbying effort for the North Dakota Publicly Traded Corporations Act on behalf of a coalition of activist investors led by Carl Icahn. The North Dakota statute is the first shareholder-friendly corporation law in the country, and the discussion of this topic will include consideration of the current state of public company corporate governance;
  • He serves as reporter for the Model Nonprofit Corporation Act. Following on the theme of the previous topic, this discussion will include consideration of the current state of nonprofit governance;
  • He was the reporter for a uniform law regarding disclosure of the beneficial owners of business entities. Preparation of this statute was in response to an on-going effort both nationally and internationally to involve lawyers in fighting money laundering and terrorist financing. Developments in this area over the next few years are likely to affect every lawyer, regardless of area of practice; and
  • He drafted the Model Benefit Corporation Legislation and is spearheading its adoption around the country. To date 20 jurisdictions including Pennsylvania have authorized benefit corporations. Benefit corporations pursue a "triple bottom line" of positive results for profits, people and the planet. The ultimate goal of this effort is to move the economy generally to what Bill describes as a system of "shared and durable prosperity."
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