Sustainability & Business Law
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Excerpt
The term "for-profit social enterprise" (or simply "social enterprise") refers to businesses with shareholder-owners that seek to address social problems by comp- bining the dynamism of capitalized for-profit enterprise with the intentionally pro-social orientation of nonprofit organizations .... Some leading proponents of social enterprise seek to promote and facilitate social enterprise formation through business organizations law, most notably by supplying social entrepreneurs with new legal forms designed specifically for social enterprises. The push for new reflects dissatisfaction with the seemingly binary nature of existing options-the for-profit corporation, which inclines controllers to increase shareholder wealth with little regard for the interests of nonshareholders and society at large, and the traditional charitable nonprofit organization, which primarily serves social purposes but has less access to capital and less leeway to compensate high-performing executives and employees…
ISBN
9781611639193
Publication Date
2017
Publisher
Carolina Academic Press
Keywords
Social Enterprise, Corporate Social Responsibility
Disciplines
Business Organizations Law | Commercial Law | Law
Recommended Citation
Antony Page and Robert A. Katz, Is Social Enterprise the New Corporate Social Responsibility?, in SUSTAINABILITY AND BUSINESS LAW 102, 107 (Judd F. Sneirson and Nancy E. Shurtz, eds., Carolina Academic Press, 2017).
