Social Enterprises in Asia : A New Legal Form

Name: Social Enterprises in Asia : A New Legal Form
Brand: Cambridge University Press

Cambridge University Press

Social Enterprises in AsiaA New Legal Form\nAuthor(s): Ernest Lim\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9781108947756, 978-1108947756\nSynopsis\nSocial enterprises are regarded as a vital solution to the pressing problem of socio-economic inequality and play a crucial role in the delivery of public goods and services. Ernest Lim argues that social enterprises in four leading Asian jurisdictions India, Hong Kong, Singapore and Malaysia should have a new legal form. This entails advancing a nuanced and comprehensive framework consisting of five criteria: (1) corporate purpose; (2) directors' duties; (3) decision-making powers; (4) reporting, impact measurement and certification; and (5) distribution of dividends, assets, and tax benefits. This invaluable work demonstrates that the existing legal forms in common law Asia, the UK and the US do not properly address the various conflicts of interest affect.