Social Enterprises in Asia A New Legal Form

Format:

Book

Author/Creator:

Lim, Ernest

Series:

International Corporate Law and Financial Market Regulation Series

Language:

English

Subjects (All):

Business enterprises--Law and legislation--Asia.

Business enterprises.

Social responsibility of business--Law and legislation--Asia.

Social responsibility of business.

Nonprofit organizations--Law and legislation--Asia.

Nonprofit organizations.

Social entrepreneurship--Asia.

Social entrepreneurship.

Business enterprises--Law and legislation.

Nonprofit organizations--Law and legislation.

Social responsibility of business--Law and legislation.

Asia.

Physical Description:

1 online resource

Place of Publication:

Cambridge Cambridge University Press 2023

Summary:

Advances a comprehensive and viable legal form for social enterprises in Asia; invaluable book for scholars, policymakers, regulators and NGOs

Contents:

Cover

Half-title page

Reviews

Series page

Title page

Copyright page

Contents

List of Tables

Acknowledgments

Table of Cases

Hong Kong

India

Malaysia

Singapore

United Kingdom

Table of Legislation and Regulations

United States

List of Abbreviations

1 Introduction and Overview

I. The Central Argument

A. The New Legal Form

B. Common Law Asian Jurisdictions

II. Social Enterprises and Long-Term Value Creation

A. Purpose

B. Business Models

1. Base of Pyramid

2. Inclusive Business

III. Social Enterprises in Asia

A. Operating Domains

B. Drivers

C. Challenges

D. Conflicts of Interest

1. Social Entrepreneurs v. Investors

2. Pro-social Investors/Members v. For-Profit Investors/Members

3. Social Entrepreneurs v. Consumers/Clients/Intermediaries

E. Existing Legal Forms Adopted by Social Enterprises in Asia

1. Company Limited by Shares

2. Company Limited by Guarantee

3. Sole Proprietorship

4. Society

5. Partnership and Limited Liability Partnership

6. Cooperative Society

IV. Structure

2 Corporate Purpose

I. Introduction

A. The Argument

B. Distinction between Corporate Purpose, Corporate Object, and Corporate Interest

II. Company Laws of Common Law Asia

A. Hong Kong

B. Singapore and Malaysia

C. India

1. Section 166(2)

2. Section 135(5)

III. UK Community Interest Company and US Public Benefit Corporation and Social Purpose Corporation

A. UK Community Interest Company

B. US Public Benefit Corporation and Social Purpose Corporation

1. Public Benefit Corporation

2. Social Purpose Corporation

IV. A New Corporate Purpose

A. Prioritization of Social Benefit

B. Sufficient Particularity

V. Enforceability

A. Private Enforcement

1. Misrepresentation

2. Breach of Corporate Constitution

B. Public Enforcement

VI. Conclusion

3 Directors' Duties

I. Introduction

II. Directors' Duty to Act in Good Faith in the Company's Best Interests

A. Common Law Asia

1. Best Interests of a Solvent Company

a. Shareholder Value

b. Stakeholder Value

c. Long-Term Value and Viability

2. Shareholders' Governance Rights

B. US Public Benefit Corporations and Social Purpose Corporations and UK Community Interest Companies

1. Delaware Public Benefit Corporations

2. California Social Purpose Corporations

3. UK Community Interest Companies

C. Concluding Remarks

D. Standard of Review

III. Directors' Duty to Exercise Powers for Proper Purposes

IV. Enforcement

A. Giving Beneficiaries Enforcement Rights

V. Conclusion

4 Decision-Making Powers

II. Problems with the Status Quo

A. Opportunism by Shareholders

B. Beneficiaries Given No Say

III. Objections to Giving Beneficiaries Powers

A. Disruption and Inefficiency

Notes:

Description based upon print version of record

B. Opportunism by Beneficiaries

Other Format:

Print version Lim, Ernest Social Enterprises in Asia

ISBN:

9781108952309

1108952305

9781108937313

1108937314

OCLC:

1374431254

Access Restriction:

Restricted for use by site license