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A Social Enterprise’s Hybridising Journey to Reconcile Goals and Structure with Identity

Nancy Kurland, William D. Schneper | November, 2021

This study highlights how a mismatch between an organisation’s goals and its legal form and structure can develop over time, and how a hybrid model may present a solution. This longitudinal qualitative study details the hybridising process by which a traditional for-profit company transformed into an employee-owned benefit corporation: the company implemented ownership and control … Read More

ESOP Plus Benefit Corporation: Ownership Culture with Benefit Accountability

Nancy Kurland | June, 2018

Stakeholder capitalism seeks to benefit multiple stakeholders, rather than primarily shareholders. Two increasingly popular forms are the employee stock ownership plan (ESOP) and the benefit corporation. But what happens when a company combines these structures? While the benefit corporation’s expanded stakeholder mandate may appear to come at the expense of employee-owner wealth and the potential … Read More