Rubicon Global CEO urges State Senate to pass House Bill 35 ‘I want Kentucky to lead the way‘.
LEXINGTON, Ky., Feb. 17, 2017 – Kentucky entrepreneur Nate Morris, the founder, chairman and CEO of Rubicon Global, today voiced support for legislation in the Kentucky General Assembly that would allow for the creation of public benefit corporations – companies that have an expanded purpose beyond maximizing share value to explicitly include general and specific public benefit.
House Bill 35, sponsored by Rep. Jerry Miller, passed the Kentucky House of Representatives by a vote of 78-17 on Feb. 14.
“This is exactly the kind positive action Kentucky should take to make the Commonwealth more competitive for business and attractive for investment so we can create new jobs,” said Morris.
Morris has been a vocal advocate for benefit corporations.
In 2013, Morris worked with the leadership of companies including Warby Parker and Prudential Financial to pass a similar law in Delaware recognizing public benefit corporations.
Rubicon is a certified B Corporation, a private certification issued to for-profit companies by B Lab, a global non-profit organization.