New Corporate Forms in the U.S.: Difference between revisions
(Created page with " =Description= John Boik in, [[Creating Sustainable Societies: "If one underlying cause of our economic dysfunction is that selfinterest is over-emphasized as a motivator for ...") |
No edit summary |
||
| (One intermediate revision by the same user not shown) | |||
| Line 1: | Line 1: | ||
=Description= | =Description= | ||
John Boik in, [[Creating Sustainable Societies: | John Boik in, [[Creating Sustainable Societies]]: | ||
"If one underlying cause of our economic dysfunction is that selfinterest | "If one underlying cause of our economic dysfunction is that selfinterest | ||
| Line 10: | Line 8: | ||
that broaden the motivation spectrum. Much work has already | that broaden the motivation spectrum. Much work has already | ||
been accomplished in this field. Dozens of states now have or are | been accomplished in this field. Dozens of states now have or are | ||
looking at alternative corporate forms. | looking at alternative corporate forms. | ||
limited-liability companies (L3Cs), B-Corporations (Benefit | |||
Corporations), and Flexible Purpose Corporations. | |||
Three of these are: | |||
'''lowprofit limited-liability companies (L3Cs), B-Corporations (Benefit Corporations), and Flexible Purpose Corporations.''' | |||
In general, the new corporate forms provide greater public transparency | In general, the new corporate forms provide greater public transparency | ||
Latest revision as of 07:06, 27 May 2012
Description
John Boik in, Creating Sustainable Societies:
"If one underlying cause of our economic dysfunction is that selfinterest is over-emphasized as a motivator for corporate behavior, then a reasonable solution is to develop new corporate structures that broaden the motivation spectrum. Much work has already been accomplished in this field. Dozens of states now have or are looking at alternative corporate forms.
Three of these are:
lowprofit limited-liability companies (L3Cs), B-Corporations (Benefit Corporations), and Flexible Purpose Corporations.
In general, the new corporate forms provide greater public transparency
and expand the purpose of the corporation to include a
social mission. These new forms are expected to make a profit,
but they must balance their desire for profit with their social
purpose. They can be funded through traditional means and,
in some cases, by philanthropic foundations. In fact, it was the
prospect of obtaining foundation support that helped to motivate
creation of the L3C model."