California holds a special place in the story of new legal structures for social enterprise. Not only was it the 6th state to pass benefit corporation legislation, it was also the first state to pass flexible purpose legislation—-in the same legislative term.
Meet Attorney Todd Johnson
One of the thought leaders in social enterprise law in California, and co-author of the FPC (flexible purpose corporation) law is R. Todd Johnson. Todd is a Partner at Jones Day and is the Practice Leader of the Energy group of the firm where he focuses on Renewable Energy and Sustainability.
Todd has had a lengthy career serving social entrepreneurs, having represented companies such as SunPower, Embrace Technologies, GoodGuide, LaborFair.com, as well as Grameen Trust, and advising companies like Good Capital, Global Giving, and B Labs during his 25 year career at Jones Day. He also blogs at Business for Good.
Innov8Social had a chance to speak with Todd Johnson about his vision for the intersection of law, policy, and social enterprise; as well as the story behind California’s flexible purpose corporation.