Jennifer Lynn Barnette

Recently, the Delaware Court of Chancery issued a decision of first impression addressing the fiduciary duties and standards of review applicable to a Delaware public benefit corporation (PBC) navigating a change-of-control transaction. In Drakes Landing Associates, L.P. v. Tilden Park Capital Management, L.P., C.A. No. 2025-0898-NAC (Del.

If you are already a Delaware Public Benefit Corporation (PBC) or thinking about becoming one, you’ll need to understand the reporting obligations that come with this unique corporate form. This article provides an overview of PBC reporting obligations and offers practical guidance for getting started and staying compliant.

For mission-driven founders, embedding purpose into a company's DNA is a priority. However, the right approach depends on a variety of factors, including stage, resources and investor expectations. Many purpose-driven US startups begin as a Public Benefit Corporation (PBC) to embed their mission into the company's legal structure.