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How Will the Patagonia Perpetual Purpose Trust Terms Be Enforced?

Por: Forbes Business October 06, 2022

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Compliance Concepts on Chalkboardgetty The announcement that Yvon Chouinard has given control of his $3 billion apparel company, Patagonia, to a Perpetual Business Purpose Trust, has generated a great deal of discussion about Purpose Trusts. The discussion centers around how the purpose of the trust can be enforced. Two general points about trusts. First, to be valid, a trust must have identifiable assets and ascertainable beneficiaries (for a... + full article



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