Wednesday, November 2, 2011
Doing Good, and doing well (enough)
The NY Times reports on the rise of a new sort of corporate structure, L3C companies, that explicitly mandates social benefits be balanced with profits. These "low-profit" limited liability corporations as the new phase of social entrepreneurship, and could point the way for more conventional corporate entities as well that are the focus of the 99% protestors opprobrium. Indeed, all corporations should also take into account social good along with executive compensation and shareholder value, seeing a judicious balance for the long-term health of the company as well as the good of society.
Posted by Ted Fischer at 8:30 AM