Information
Social Enterprise Panel Findings and Recommendations Report
Regulation Number(s):
Instrument Type:
Information
Bill or Act:
n/a
Summary of Proposal:
The Ministry of Government and Consumer Services is seeking feedback on the attached report on a potential framework for social enterprise legislation for the incorporation of '"hybrid" corporations.
This report makes recommendations on whether legislation should be introduced and, if introduced, the type of corporate structure which should be created. The recommendations include:
• The structure should protect the social mission and attract investment
• The structure should provide clarity for owners and directors and lower the overall cost of establishing and operating a dual purpose corporation
• The structure must balance the interests needed to encourage multiple bottom line businesses
The recommendations were developed by a volunteer panel of stakeholders with expertise in the field of social enterprise. As part of the government's broader Social Enterprise Strategy for Ontario, the Ministry of Government and Consumer Services assembled this panel to explore the potential for new corporate structure legislation in Ontario.
Based on the responses provided to the consultation on this report, the ministry will consider whether and how legislation could support investment and growth for the field of social enterprise.
How You Can Help
The Ministry of Government and Consumer Services is seeking public input on this Report to help explore whether framework social enterprise legislation for the incorporation of "Hybrid" corporations should be pursued, and how it should support an enterprise with a mandated social purpose and private interest.
We are looking for your feedback on the proposals in this report.
You may submit your comments and ideas:
• to the Regulatory Registry;
• by e-mailing them to; consumerpolicy@ontario.ca with "Social Enterprise Report" in the subject line; or
• by mailing them to:
Social Enterprise: Hybrid Legislation
Consumer and Business Policy
Ministry of Government and Consumer Services
5th Floor, 777 Bay Street
Toronto, ON M7A 2J3
You may submit them directly or use the feedback form provided.
Thank you for taking the time to review these proposals. We look forward to your response.
This report makes recommendations on whether legislation should be introduced and, if introduced, the type of corporate structure which should be created. The recommendations include:
• The structure should protect the social mission and attract investment
• The structure should provide clarity for owners and directors and lower the overall cost of establishing and operating a dual purpose corporation
• The structure must balance the interests needed to encourage multiple bottom line businesses
The recommendations were developed by a volunteer panel of stakeholders with expertise in the field of social enterprise. As part of the government's broader Social Enterprise Strategy for Ontario, the Ministry of Government and Consumer Services assembled this panel to explore the potential for new corporate structure legislation in Ontario.
Based on the responses provided to the consultation on this report, the ministry will consider whether and how legislation could support investment and growth for the field of social enterprise.
How You Can Help
The Ministry of Government and Consumer Services is seeking public input on this Report to help explore whether framework social enterprise legislation for the incorporation of "Hybrid" corporations should be pursued, and how it should support an enterprise with a mandated social purpose and private interest.
We are looking for your feedback on the proposals in this report.
You may submit your comments and ideas:
• to the Regulatory Registry;
• by e-mailing them to; consumerpolicy@ontario.ca with "Social Enterprise Report" in the subject line; or
• by mailing them to:
Social Enterprise: Hybrid Legislation
Consumer and Business Policy
Ministry of Government and Consumer Services
5th Floor, 777 Bay Street
Toronto, ON M7A 2J3
You may submit them directly or use the feedback form provided.
Thank you for taking the time to review these proposals. We look forward to your response.
Further Information:
Public Consultation Feedback Form
Dual Purpose Corporate Structure Legislation: Stakeholder Engagement Report
(Download Adobe Reader)
Proposal Number:
15-MGCS001
Posting Date:
January 29, 2015
Comments Due Date:
May 4, 2015
Contact Address:
Ministry of Government and Consumer Services
Consumer and Business Policy
777 Bay Street, 5th Floor
Toronto, ON M7A 2J3
Attention: Social Enterprise Consultation
Consumer and Business Policy
777 Bay Street, 5th Floor
Toronto, ON M7A 2J3
Attention: Social Enterprise Consultation