What do tech companies that have a strong sense of mission and center stakeholder value look like? Can it exist at scale? Hear from founders who have built big and impactful businesses by taking a stakeholder value approach and how it has driven innovation and led more differentiated products and resilient businesses.
Rachel Romer and Josh Reeves, Co-Founders and CEOs of Guild Education and Gusto respectively, and Susan (“Suz”) Mac Cormac from Morrison Foerster LLP joined RIL Co-Founder Jon Zieger for a pointed discussion on stakeholder value. They dialed in on structures like the Public Benefit Corporation (PBC) for protecting a company’s mission and the importance of intentional, simple mechanisms like building a great team in service of a clear, shared mission that’s good for customers and business.
Supplementary Resources + Readings
Susan Mac Cormac is a Partner at Morrison & Foerster LLP. Susan (“Suz”) chairs the firm’s Environmental, Social, and Governance (ESG), Social Enterprise + Impact Investing, and Energy practices. Her practice focuses on late-stage financings, secondaries, and other corporate transactions for investors, such as SoftBank and Temasek, and on investments for some of the top investors dedicated to impact, from “impact first” foundations, to family offices, to private equity funds. She co-led the drafting group for the first of the new corporate forms (the Social Purpose Corporation in California), has created hybrid/tandem corporate structures and crafted debt and equity instruments that blend impact with traditional financial terms, and has used corporate law to develop creative capital market solutions to pressing environmental problems. She also advises the boards of public and private companies on corporate governance and fiduciary duties as applied to sustainability and climate change. She was named a California Lawyer Attorney of the Year (CLAY) in 2012 and 2016 by Daily Journal and the Most Innovative Lawyer in North America in 2015 by theFinancial Times.Learn more
Josh is Co-Founder and CEO of Gusto, a startup that is reimagining HR, payroll, and benefits for modern companies. Josh believes in the power of software to solve complex problems.Learn more
Rachel Carlson is Co-Founder and CEO of Guild Education, which helps employers design and offer education-as-benefit programs that provide employees with individualized pathways to a degree and earn credit for on-the-job training. Selected as one of Forbes' 30-Under-30 for Education, Rachel has an MBA from the Stanford University Graduate School of Business and an MA in Education and a BA in Political Science from Stanford University.Learn more
Jon is Co-Founder and Executive Director of Responsible Innovation Labs. Previously, he was the General Counsel and Head of Global Policy at Stripe, where he oversaw all legal and policy affairs for the company and oversaw a team of experts to help Stripe expand globally, ensure compliance with global legal and regulatory requirements and strengthen the company’s ability to simplify complexities in the global financial system.Learn more
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