Business as an Agent for Social Change: Social Entrepreneurship; Benefit Corporations; and Curing Poverty (part of the Higher Calling Series)
Featuring Elizabeth Babson, Lyman Johnson, Michael Miller, Haskell Murray, Michael Naughton, and John McVea.
Thursday, April 24, 2014
3:00 PM - 8:00 PM
3-5:00 p.m. Afternoon session, Schulze Grand Atrium, School of Law
5-5:30 p.m. Reception, 2nd Floor Atrium, Opus Hall
5-8:00 p.m. Evening session, Opus Hall Great Room
Free and open to the public. Registration is required. Participants may register for one or both sessions.
The Afternoon Session has been approved for 2.0 CLE credits.
Register here for one or both sessions.
How can businesses be a better agent for social change? Two interesting developments have occurred that address this question: social entrepreneurship and a new legal instrument called Benefit Corporations. Join us for a vibrant conversation (3:00-5:00 p.m.) with John McVea (entrepreneurship), Lyman Johnson (law), Elizabeth Babson (law), Haskell Murray (management) as they address the positive social role these developments play in contemporary society as well as possible unintended consequences such movements can have for business. We will continue our conversation over dinner with Michael Miller, producer and narrator of PovertyCure, a video series on the important role entrepreneurship plays in combating global poverty premised on a proper understanding of the human person.
Afternoon Session: 3:00-5:00 p.m. Grand Schulze Atrium, School of Law
Caritas in Veritate, Social Entrepreneurship, and the Legal Developments of Benefit Corporations
Lymon Johnson, University of St. Thomas School of Law
Michael Naughton, John A. Ryan Institute for Catholic Social Thought at the University of St. Thomas
John McVea, Veritas Institute, University of St. Thomas Opus College of Business
Elizabeth Babson, Drinker Biddle and Reath, LLP
Haskell Murray, Belmont University
Reception: 5:00-5:30 p.m., 2nd Floor Atrium, Opus Hall
Evening Session (includes dinner): 5:00-8:00 p.m., Rooms 201-202, Opus Hall
A New Look at Poverty: PovertyCure DVD Series
Michael Miller, Acton Institute, Director and Host of PovertyCure DVD series
The afternoon will be moderated by Professor Elizabeth Schiltz, Thomas J. Abood Research Scholar and co-director of the Terrence J. Murphy Institute for Catholic Thought, Law and Public Policy at the UST School of Law, with an introduction by Michael J. Naughton, Ph.D., Alan W. Moss Endowed Chair in Catholic Social Thought and director of UST's John A. Ryan Institute for Catholic Social Thought.
We will continue our conversation over dinner with Michael Miller, producer and narrator of PovertyCure, a video series on the important role entrepreneurship plays in combating global poverty premised on a proper understanding of the human person.
The evening will be moderated by Michelle Rovang Burke, director of the Veritas Institute, UST Opus College of Business. T. Dean Maines, president of the Veritas Institute, will provide a welcome and introduce Dr. Julie Sullivan, president of the University of St. Thomas. President Sullivan will share brief opening remarks about social entrepreneurship.
Elizabeth Babson is an attorney with Drinker Biddle and Reath LLP and is a member of the Corporate & Securities Practice Group. Babson represents public and private clients in a variety of corporate and securities matters, including mergers and acquisitions, divestitures, venture investing, corporate governance, ongoing compliance with federal securities laws and general business counseling. Babson is a crafting author of the Benefit Corporation White Paper, “The Need and Rationale for the Benefit Corporation: Why it is the Legal form that Best Addresses the Needs of Social Entrepreneurs, Investors, and Ultimately, the Public,” and has written extensively on benefit corporations and social entrepreneurship. In 2011 she was named a "B Corp Champion." Babson also serves as a member of the board of directors of the Sustainable Business Network of Greater Philadelphia. She received her bachelor's degree from the University of Pennsylvania and her J.D. from the Temple University Beasley School of Law, where she was a staff member of the Temple Law Review.
Lyman Johnson has served at the University of St. Thomas School of Law since 2008 as a professor and the Laurence and Jean LeJeune Distinguished Chair in Law. Johnson also holds the Robert O. Bentley professorship at the Washington and Lee University School of Law, where he has taught since 1985. Over the years, he has taught business associations, securities regulation, corporate finance and business planning courses. Johnson’s scholarship is in the business law area and his writing has appeared in many prestigious journals. He is a member of The American Law Institute, where currently he is a member of the Consultative Group for the Principles of The Law of Nonprofit Organizations project, a project addressing director and officer fiduciary duties. He is also a member of the Business Associations section and the Socio-Economics section of the Association of American Law Schools (AALS).
John McVea, Ph.D., is an associate professor in the Entrepreneurship department of the UST Opus College of Business. He researches and teaches in the areas of entrepreneurial strategy and social entrepreneurship. His work had been published in The Journal of Business Venturing and The Journal of Business Ethics, among others. McVea has written more than a dozen business case studies focusing on issues such as market entry strategy, innovation field studies, cash flow forecasting, the challenges of growth and the use of social media. Before returning to academia, McVea spent a dozen years working in industry for Dupont, initially in product/market development in the U.S. and ultimately as manager of textile filament manufacturing operation in the U.K. After earning his M.B.A., he worked for Bain & Co. in Boston as a strategy consultant advising in fields ranging from paper manufacture to oil drilling to private equity acquisition assessment.
Michael Matheson Miller is research fellow and director of Acton Media at the Acton Institute. With some 10 years of international experience, Miller has lived and traveled in Europe, Asia, Africa and Latin America. He lectures internationally on such themes as moral philosophy, economic development, social theory and entrepreneurship. He is a frequent guest on radio and has been published in the Washington Times, The Detroit News, The LA Daily News and Real Clear Politics. Miller is the director and host of the PovertyCure DVD series and has appeared in various video curricula, including Doing the Right Thing, Effective Stewardship and Birth of Freedom. Much of his current work at the Acton Institute involves leading PovertyCure, promoting entrepreneurial solutions to poverty in the developing world. Before coming to Acton, he spent three years at Ave Maria College of the Americas in Nicaragua, where he taught philosophy and political science and was the chair of the philosophy and theology department.
Haskell Murray teaches business law, negotiations and mediation at Belmont University, where his research areas include alternative dispute resolution, corporate governance, mergers & acquisitions, and social enterprise law. Murray received his B.A. in business administration from Rhodes College and his J.D. from Georgia State University College of Law. Before entering academia, Murray practiced law as a member of King & Spalding’s M&A/Corporate team in Atlanta, GA. He left King & Spalding to clerk for former vice chancellor Stephen P. Lamb on the Delaware Court of Chancery. Following his clerkship, Murray was recruited to Weil, Gotshal & Manges in New York City, NY, where he practiced as part of the firm’s Corporate Governance & Securities Litigation group. Prior to joining Belmont University’s faculty, Murray taught as a visiting assistant professor at Georgia State University College of Law and as an assistant professor at Regent University School of Law.
Presented/Sponsored by the Veritas Institute, Opus College of Business; Terrence J. Murphy Institute for Catholic Thought, Law and Public Policy; Habiger Institute for Catholic Leadership; John A. Ryan Institute for Catholic Social Thought.
Caritas et veritate (46):
When we consider the issues involved in the relationship between business and ethics, as well as the evolution currently taking place in methods of production, it would appear that the traditionally valid distinction between profit-based companies and non-profit organizations can no longer do full justice to reality, or offer practical direction for the future. In recent decades a broad intermediate area has emerged between the two types of enterprise. It is made up of traditional companies which nonetheless subscribe to social aid agreements in support of underdeveloped countries, charitable foundations associated with individual companies, groups of companies oriented towards social welfare, and the diversified world of the so-called “civil economy” and the “economy of communion”. This is not merely a matter of a “third sector”, but of a broad new composite reality embracing the private and public spheres, one which does not exclude profit, but instead considers it a means for achieving human and social ends. Whether such companies distribute dividends or not, whether their juridical structure corresponds to one or other of the established forms, becomes secondary in relation to their willingness to view profit as a means of achieving the goal of a more humane market and society. It is to be hoped that these new kinds of enterprise will succeed in finding a suitable juridical and fiscal structure in every country. . .