Social ventures/enterprises, the product of social entrepreneurship, may exist in different legal forms and are different from conventional commercial ventures in terms of purpose. However, where governance practices are concerned they are just as important to these social ventures as they are for pure commercial ventures and in advanced and emerging economies, especially when suitably adapted. This article, using mainly secondary data and complemented by relevant case studies, explains how and why governance matters in social enterprises and will additionally critically examine current practices in the UK.
Business Law Review