Serviam Care Network was created to serve a coalition of senior living providers whose purpose is to transform how America cares for seniors. Because of that, we are a Delaware Public Benefit Corporation (PBC). That means our purpose is built into our legal structure. Why did we incorporate as a PBC?
To build trust
Seniors are one of the world’s most vulnerable populations. We want to be explicitly clear that our purpose is real. PBC status encodes into our legal structure our promise to take the higher ground and serve the greater good.
To protect our purpose
We have a large vision that we plan to pursue aggressively. As the organization grows, PBC structure provides safety checks to make sure that we never stray too far from our purpose. It helps protect the company from the toxic short-term thinking that’s so common in the marketplace today.
A PBC is required by its board of directors to adopt standards to measure the corporation’s progress and whether it is achieving its purpose. Serviam’s purpose is to be in service to the transformation of how America cares for seniors. The standards listed in this report use objective information to assess Serviam’s success in meeting its objectives and promoting its public benefit.