# Beneficient > Alpha governed public record. Unknown, unavailable, and unpublished values are never inferred as zero. ## Record | Field | Value | | --- | --- | | Representation | alpha-profile-markdown-v4 | | Protocol | Alpha Governance Facts Protocol 0.1 | | Schema | alpha.governance.entity.public.v1 | | Record version | public-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | | Governance record representation | alpha-governance-record-v2 | | Canonical entity | alpha:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c | | Entity type | Company | | Canonical URL | https://registry.alpha.ac/companies/beneficient | | Publication | PUBLISHED | | Verification | source_reported | | Verification schema | alpha-verification-states-v1 | | Ownership | unclaimed | | Published claims | 18 | | Claims under review | 1 | | Evidence records | 3 | | Conflicts | 0 | | Conflicts in internal review | 0 | | Observed | 2026-10-24T04:48:16.419621+00:00 | | Last reviewed | 2026-10-24T04:48:16.419621+00:00 | ## Identity - Legal name: Beneficient - Display name: Beneficient ## Alpha Governance Record | Field | Value | | --- | --- | | Governance Record schema | alpha-governance-record-v2 | | Ontology | alpha-governance-ontology-v1 | | Record version | public-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | | As of | 2026-10-24T09:18:16.336533+00:00 | | Completeness | 0.364 | | Record Quality | 0.825 | | Directors | 6 | | Committees | 2 | | Governance events | 8 | | Entity class | public_company | ## Section coverage | Section | State | | --- | --- | | identity | PUBLISHED | | corporate_structure | NOT_REVIEWED | | board | PUBLISHED | | committees | PUBLISHED | | leadership | NOT_REVIEWED | | ownership | NOT_REVIEWED | | financials | NOT_REVIEWED | | capital_structure | PUBLISHED | | compensation | NOT_REVIEWED | | governance | NOT_REVIEWED | | shareholder_governance | NOT_REVIEWED | | audit | NOT_REVIEWED | | legal | NOT_REVIEWED | | risk | NOT_REVIEWED | | cyber | NOT_REVIEWED | | ai_governance | NOT_REVIEWED | | agent_governance | RESTRICTED | | markets_external | NOT_REVIEWED | | events | PUBLISHED | | relationships | PUBLISHED | | assessments | PUBLISHED | | evidence | PUBLISHED | ## Board - Bruce W. Schnitzer: Director. Status: current. Independent: false. Since: 2023-01-01. Committees: Compensation (member). claim_id=alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:5 - Dan Fletcher: Director. Status: current. Independent: false. Since: 2023-01-01. Committees: Compensation (member). claim_id=alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:6 - Karen J. Wendel: Director. Status: current. Independent: true. Since: 2024-01-01. Committees: Audit (member). claim_id=alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:7 - Mack Hicks: Director. Status: current. Independent: false. Since: 2026-01-01. claim_id=alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:8 - Patrick J. Donegan: Director. Status: current. Independent: true. Since: 2024-01-01. Committees: Audit (member). claim_id=alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:9 - Peter T. Cangany, Jr.: Director. Status: current. Independent: true. Since: 2023-01-01. Committees: Audit (member). claim_id=alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:10 ## Committees - Audit (audit). Chair: NOT_PUBLISHED. Members: Karen J. Wendel (member, current); Patrick J. Donegan (member, current); Peter T. Cangany, Jr. (member, current). committee_id=alpha:committee:beneficient:audit - Compensation (compensation). Chair: NOT_PUBLISHED. Members: Bruce W. Schnitzer (member, current); Dan Fletcher (member, current). committee_id=alpha:committee:beneficient:compensation ## Governance events - DIRECTOR_APPOINTED: Mack Hicks seat on Beneficient, effective 2026-01-01. Effective: 2026-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:jbm7c11ifm34v - DIRECTOR_APPOINTED: Karen J. Wendel seat on Beneficient, effective 2024-01-01. Effective: 2024-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:sp7x2ulc9dvi - DIRECTOR_APPOINTED: Patrick J. Donegan seat on Beneficient, effective 2024-01-01. Effective: 2024-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:ggyf212hqgmc - COMMITTEE_MEMBER_ADDED: Karen J. Wendel member of Audit, effective 2024-01-01. Effective: 2024-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:83kmpn1dx9jx7 - DIRECTOR_APPOINTED: Bruce W. Schnitzer seat on Beneficient, effective 2023-01-01. Effective: 2023-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:1rjsf7nwcuu6j - DIRECTOR_APPOINTED: Dan Fletcher seat on Beneficient, effective 2023-01-01. Effective: 2023-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:ig3f3a1qtq4u4 - DIRECTOR_APPOINTED: Peter T. Cangany, Jr. seat on Beneficient, effective 2023-01-01. Effective: 2023-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:16pius31xqzgvz - COMMITTEE_MEMBER_ADDED: Bruce W. Schnitzer member of Compensation, effective 2023-01-01. Effective: 2023-01-01. Detected: 2026-10-24T04:48:16.419621+00:00. event_id=alpha:event:transition:17gwh631nnolj1 ## Scoped resources - `alpha://company/beneficient` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record - `alpha://company/beneficient/identity` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=identity - `alpha://company/beneficient/corporate-structure` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=corporate-structure - `alpha://company/beneficient/board` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=board - `alpha://company/beneficient/committees` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=committees - `alpha://company/beneficient/leadership` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=leadership - `alpha://company/beneficient/ownership` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=ownership - `alpha://company/beneficient/financials` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=financials - `alpha://company/beneficient/capital-structure` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=capital-structure - `alpha://company/beneficient/compensation` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=compensation - `alpha://company/beneficient/governance` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=governance - `alpha://company/beneficient/shareholder-governance` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=shareholder-governance - `alpha://company/beneficient/audit` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=audit - `alpha://company/beneficient/legal` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=legal - `alpha://company/beneficient/risk` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=risk - `alpha://company/beneficient/cyber` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=cyber - `alpha://company/beneficient/ai-governance` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=ai-governance - `alpha://company/beneficient/agents` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=agents - `alpha://company/beneficient/ecosystem` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=ecosystem - `alpha://company/beneficient/events` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=events - `alpha://company/beneficient/relationships` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=relationships - `alpha://company/beneficient/assessments` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=assessments - `alpha://company/beneficient/evidence` (contract): https://registry.alpha.ac/api/public/companies/beneficient?format=record§ion=evidence ## Role modules - NOT_ASSERTED ## Attention - NO_RECORDS_FOUND ## Committee data - Claim alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:12: `{"kind":"committee_appointment","original_name":"Audit","category":"audit","role":"member","person":{"alpha_id":"alpha:person:karen-j-wendel","name":"Karen J. Wendel"},"source_id":"board_seats"}` - Claim alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:13: `{"kind":"committee_appointment","original_name":"Audit","category":"audit","role":"member","person":{"alpha_id":"alpha:person:patrick-j-donegan","name":"Patrick J. Donegan"},"source_id":"board_seats"}` - Claim alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:14: `{"kind":"committee_appointment","original_name":"Audit","category":"audit","role":"member","person":{"alpha_id":"alpha:person:peter-t-cangany-jr","name":"Peter T. Cangany, Jr."},"source_id":"board_seats"}` - Claim alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:16: `{"kind":"committee_appointment","original_name":"Compensation","category":"compensation","role":"member","person":{"alpha_id":"alpha:person:bruce-w-schnitzer","name":"Bruce W. Schnitzer"},"source_id":"board_seats"}` - Claim alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:17: `{"kind":"committee_appointment","original_name":"Compensation","category":"compensation","role":"member","person":{"alpha_id":"alpha:person:derek-l-fletcher","name":"Dan Fletcher"},"source_id":"board_seats"}` ## Leadership - Bruce W. Schnitzer: Director, Compensation. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:5. Valid from: 2023-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c. - Dan Fletcher: Director, Compensation. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:6. Valid from: 2023-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c. - Karen J. Wendel: Director, Audit. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:7. Valid from: 2024-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c. - Mack Hicks: Director. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:8. Valid from: 2026-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c. - Patrick J. Donegan: Director, Audit. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:9. Valid from: 2024-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c. - Peter T. Cangany, Jr.: Director, Audit. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:leadership_role:10. Valid from: 2023-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c. ## Roles - PUBLISHED ## Governance - NOT_ASSERTED ## Board committees - Audit: Chair not stated; Members Karen J. Wendel; Patrick J. Donegan; Peter T. Cangany, Jr.. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_record:11. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. - Compensation: Chair not stated; Members Bruce W. Schnitzer; Dan Fletcher. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_record:15. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. ## Financials - NOT_ASSERTED ## Workforce - NOT_ASSERTED ## Market and index context - PUBLISHED ## Legal Name - Beneficient. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:legal_name:1. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:d3e72d08d009a4753610968a00d0ab51cd6305923ea43c650a7db56aaae3f598. ## Entity Status - Public listing published. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:entity_status:3. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:d3e72d08d009a4753610968a00d0ab51cd6305923ea43c650a7db56aaae3f598. ## Published Fact - US. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:published_fact:4. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:d3e72d08d009a4753610968a00d0ab51cd6305923ea43c650a7db56aaae3f598. ## Committee Appointment - Karen J. Wendel: member, Audit. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:12. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. - Patrick J. Donegan: member, Audit. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:13. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. - Peter T. Cangany, Jr.: member, Audit. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:14. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. - Bruce W. Schnitzer: member, Compensation. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:16. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. - Dan Fletcher: member, Compensation. Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:committee_appointment:17. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82. ## Security Listing - BENF (NASDAQ). Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:security_listing:18. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:d3e72d08d009a4753610968a00d0ab51cd6305923ea43c650a7db56aaae3f598. - BENFW (NASDAQ). Claim: alpha:claim:company:b33bcfbf-c9c6-4c51-a985-5a4e960c997c:security_listing:19. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:d3e72d08d009a4753610968a00d0ab51cd6305923ea43c650a7db56aaae3f598. ## Coverage states | Field | Value | | --- | --- | | Identity | PUBLISHED | | Business | PUBLISHED | | Leadership | PUBLISHED | | Board and committees | PUBLISHED | | Governance | NOT_ASSERTED | | Financials | NOT_ASSERTED | | Workforce | NOT_ASSERTED | | Ownership | NOT_ASSERTED | | Ratings | NOT_PUBLISHED | | Market and index context | PUBLISHED | ## Public sources - alpha:projection-evidence:d3e72d08d009a4753610968a00d0ab51cd6305923ea43c650a7db56aaae3f598: [Alpha canonical company public projection](https://www.alpha.ac/api/public/companies/beneficient). - alpha:projection-evidence:document:05ce7e15c9cd476ea8dcec23ce354fe0f1be956618eaffc862f4b464977cab9c: [Beneficient DEF 14A 2026-03-13](https://www.sec.gov/Archives/edgar/data/1775734/000149315226010076/formdef14a.htm). - alpha:projection-evidence:fe5cbb9822399fa16414c2ddc3602cf1788363f0161e88a8fb3b524210383d82: [Audit](https://www.sec.gov/Archives/edgar/data/1775734/000149315226010076/formdef14a.htm). ## Rights | Field | Value | | --- | --- | | public_retrieval | allowed | | agent_retrieval | allowed | | redistribution | not_granted | | model_training | not_granted | | commercial_use | not_specified | | relationship_pathfinding | not_granted | | direct_contact | not_granted | ## Limitations - Absence of a leadership role, committee, or disclosure is not evidence that it does not exist. - Only explicitly published canonical company identity and current confirmed public roles are included. - Absence of a board, committee, executive, listing, or claim is not evidence that it does not exist. - Public retrieval does not grant redistribution, model-training, direct-contact, or relationship-pathfinding rights. - This Company Profile is an identity and evidence record, not an Alpha rating. ## Alternate representations - [Canonical profile](https://registry.alpha.ac/companies/beneficient) - [Public Markdown](https://registry.alpha.ac/companies/beneficient.md) - [Public JSON](https://registry.alpha.ac/api/public/companies/beneficient?format=record) - [JSON-LD](https://registry.alpha.ac/api/public/companies/beneficient?format=jsonld) - MCP resource: `alpha://companies/beneficient` at https://mcp.alpha.ac/mcp ## Connected governance records Only explicitly published, rights-cleared records. Missing records do not establish absence, safety, or complete coverage. ## Critical-risk oversight Snapshot as of 2026-10-24T09:18:16.093255+00:00; recorded 2026-10-24T09:18:16.093255+00:00. Every published assignment for this snapshot is listed. Only explicitly reviewed, rights-cleared assignments in effect on the as-of date, in the company's own wording. An assignment shows where oversight is placed, not whether it is effective. Missing records do not establish absence.