Business as an Agent for Social Change:Social Entrepreneurship, Benefit Corporations and Curing Poverty
CLE: Lyman Johnson, Professor of Law and Elizabeth Babson, Drinker Biddle and Reath LLP, drafting 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 the Social Entrepreneurs, Investors, and Ultimately, the Public." Michael Matheson Miller, Research Fellow and Director of Acton Media at the Acton Institute and Director and Host of the DVD series: "Poverty Cure."
Thursday, April 24, 2014
3:00 PM - 8:00 PM
Application will be made for Two (2) Continuing Legal Educations Credits.
Registration will open in January, 2014
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 (see bios of speakers below).Afternoon Session: 3:00-5:00 p.m. - Law School Atrium (CLE Credit)
Caritas in veritate, Social Entrepreneurship and the Legal Developments of Benefit Corporations
John McVea, University of St. Thomas Opus College of Business
Lymon Johnson, Univesrity of St. Thomas School of Law
Repondents: Elizabeth Babson, Drinker Biddle Law and Haskell Murray, Belmont University
Moderator: Elizabeth Schiltz, University of St. Thomas School of LawEvening Session: 5:00-8:00 p.m. UST Opus Hall 201-202 (reception 5:00-5:30 p.m., Dinner 6:45 pm.)
A New Look at Poverty: PovertyCure DVD Series
Michael Miller, Acton Institute, Director and Host of PovertyCure DVD series
Introduction: Dean Maines,
Master of Ceremonies: Michele Rovang Burke
Events are free buy RSVP is required. Participants may register for one or both sessions. Co-sponsored by: Veritas Institute of the Opus College of Business, John A. Ryan Institute for Catholic Social Thougth, Terrence J. Murphy Institute for Catholic Thought, Law, and Public Plicy and the Habiger Institute for Catholic Leadership of the Center for Catholic Studies.
Elizabeth Babson, Drinker Biddle and reath LLP, crafting author of the Benefit Coporation White Paper: The Need and Rationale for the Benefit Corporation: Why it is the Legal form that Best Addresses the Needs of Social Entrpreneurs, Investors, and Ultimately, the Public.
Elizabeth Schiltz, Professor of Law and Co-Director of the Terrence J. Murphy Institute for Catholic Thought, Law, and Public Policy
Lyman Johnson, Laurence and Jean LeJeune Distinguished Chair and Professor in Law
Michael Naughton, Professor in the Departments of Ethics and Business Law and Catholic Studies, Director, John A. Ryan Institute for Catholic Social Thought
John McVea, Associate Professor Entrepreneurship, University of St. Thomas Opus College of Business
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. . .