SAN FRANCISCO--(BUSINESS WIRE)--John Montgomery, a veteran Silicon Valley entrepreneur, benefit corporation pioneer, and attorney announced today the launch of Lex Ultima to help traditional corporations transform into benefit corporations, the viable new paradigm for corporate success that benefits not only stockholders but also all of a corporation’s stakeholders, including society and the environment.
“With the increasing imperative for companies to adopt the values of corporate social responsibility, the benefit corporation offers an alternative legal structure that embeds these values in the corporate charter and ensures benefits for all stakeholders,” said Montgomery. “Converting corporations that exist solely to maximize stockholder value into businesses that promote the common good of humanity, the planet and stockholders is an important catalyst of social change, with the potential to not only amplify the power of business as a force for good but also improve financial results."
Lex Ultima offers transformation management to guide directors, officers, and stockholders of public and private corporations through the process of embracing the triple-bottom line and multiple stakeholder mindset necessary to enjoy the full advantages of being a benefit corporation. Lex Ultima also designs governance architecture for benefit corporations that uses the law to amplify the power of their purpose, values, and mission, and to create extraordinary value for all stakeholders.
“We organized our new, independent feature film with a benefit corporation as the producer and a benefit LLC as the production company because benefit entities better reflect the mission of our not-for-profit parent than traditional film production entities," said Rosemary Rawcliffe, President, Frame of Mind Films. "Lex Ultima provided expert guidance, developed incorporation documents, and offering materials that align with our values and those of the subjects of our films.”
About John Montgomery
Prior to launching Lex Ultima, Montgomery founded a successful Silicon Valley law firm, M&H, LLP, that specializes in counseling startups and emerging growth companies. He has been at the forefront of the benefit corporation movement since 2008, including serving as Co-Chair for the legal working group behind California’s benefit corporation legislation. California was the sixth state to pass benefit corporation legislation, which has now been adopted in 33 US states including Delaware.
About Lex Ultima
Lex Ultima provides consulting and legal services to businesses transforming into benefit corporations through two entities. Lex Ultima Consulting, LLC provides transformation management for traditional corporations transforming into benefit corporations. Lex Ultima, PC designs governance architecture for benefit corporations. Each is incorporated as a benefit entity and is a pending Certified B Corp.