The Business Corporations Act (B.C.) will be amended in the very near future to create “benefit companies”, a form of corporate entity which has gained popularity internationally and in the U.S. Pursuant to Bill M209 Business Corporations Amendment Act (No. 2), 2019 which received royal assent on May 16, 2019 and comes into force by regulation, British Columbia will be the first Canadian jurisdiction to introduce benefit companies, being for-profit companies with a mandate to operate in a socially responsible and sustainable manner, and to promote specific public benefits.
DLA Piper (Canada) LLP
LSBC Substantive (1.0), LSO Substantive (1.0)
Kate Bake-Paterson, Associate Counsel, Vancouver
Kate Bake-Paterson practises in the area of corporate/commercial law with a particular emphasis on advising charities and not-for-profit organizations.
She regularly assists both for-profit and not-for-profit organizations with a wide variety of corporate and commercial issues, and has also developed specialized knowledge of the additional legal and business issues faced by charities and other not-for-profit organizations that go beyond those of for-profit companies.
Kate is also a member of the firm’s health law practice group, and assists both public and private-sector health-care providers with their contractual, administrative and regulatory matters, as well as with their corporate governance concerns.