Social Enterprise Laws and Director Primacy’s Demise: Risks to Governance and Growth

Businesses often face criticism for putting profit over people and for sometimes ignoring the needs of various stakeholders, including employees and communities. This reality has led to a variety of efforts, including the corporate social responsibility movement, seeking to encourage more socially conscious business practices. These are worthy goals that have seen only modest success, and there are indications that things are not likely to get better if we stay on the current path.

There are two factors working together that could derail efforts to support large-scale socially responsible business decisions: (1) the emergence of social enterprise-enabling statutes and (2) … Read more