Is Veeva's Public Benefit Corp. Status a Blessing or a Curse?
Veeva Systems (NYSE: VEEV), a software-as-a-service company, recently became a public benefit corporation. Rather than being strictly focused on making money for shareholders, the company's new charter requires it to also be focused on the best interests of its employees and customers, which are primarily drug companies that use Veeva's software for managing relationships with doctors and clinical trial data.
In this video from Motley Fool Live, recorded March 8, Fool.com contributors Brian Orelli and Keith Speights discuss the change in the company's charter and whether Veeva could be a trendsetter.
Source Fool.com
