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7 - Conclusion

Published online by Cambridge University Press:  12 March 2023

Ernest Lim
Affiliation:
National University of Singapore
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Summary

This book contributes to the literature on comparative social enterprise law in four respects. First, it demonstrates that the existing legal forms and laws in common law Asia, the UK and US, do not properly address the three principal types of conflicts of interests affecting social enterprises. Second, this book distinguishes social enterprises and profit-driven companies that take into account sustainability or environmental, social and governance (ESG) considerations. Third, given the key difference between social enterprises and profit-driven but socially responsible companies, the concern that having a new legal form for social enterprises will undermine the sustainability practices of profit-driven companies is misplaced. Finally, creating a new legal form comprising the five criteria will reduce transaction costs for social entrepreneurs, investors, and consumers.

Type
Chapter
Information
Social Enterprises in Asia
A New Legal Form
, pp. 164 - 168
Publisher: Cambridge University Press
Print publication year: 2023

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  • Conclusion
  • Ernest Lim, National University of Singapore
  • Book: Social Enterprises in Asia
  • Online publication: 12 March 2023
  • Chapter DOI: https://doi.org/10.1017/9781108937313.011
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  • Conclusion
  • Ernest Lim, National University of Singapore
  • Book: Social Enterprises in Asia
  • Online publication: 12 March 2023
  • Chapter DOI: https://doi.org/10.1017/9781108937313.011
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Ernest Lim, National University of Singapore
  • Book: Social Enterprises in Asia
  • Online publication: 12 March 2023
  • Chapter DOI: https://doi.org/10.1017/9781108937313.011
Available formats
×