Pioneering Corporate And Legal Structures For Social Entrepreneurship
Thursday, March 31, 2011
Session Description
Social entrepreneurial ventures are “neither fish nor fowl”; they fall between philanthropic and commercial entities. Recognising this new breed of organisation, some governments are scrambling to implement new legal and fiscal architecture to support these new ventures. This session discusses innovative legal structures that are taking shape as some governments try their hand at innovating to nurture social innovation and entrepreneurial practice.
Time & Location
Time:
11:00 - 12:30, Thursday, March 31, 2011
BST
Speakers
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Speaker
Senior Partner, Bates, Wells & Braithwaite London LLP
Stephen Lloyd is Senior Partner of Bates Wells and Brathwaite London LLP (BWB), recognized as being the leading law firm acting for charities and social enterprises in the UK. After teaching English in Sudan for VSO, working as a commercial lawyer in the city for a big law firm and for an insurance booking company, Lloyd joined BWB where he has specialized in working as a commercial lawyer acting for not-for-profits for the last 30 years. Co-developer of the idea behind Community Interest Companies, he has served on boards of 20 charities.
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Speaker
Member, Caplin & Drysdale
Mark Owens, a member of the Washington, DC, law firm of Caplin & Drysdale, concentrates in federal tax issues relating to tax-exempt organisations, including charities and issue advocacy groups. Prior to joining Caplin & Drysdale, he spent 25 years with the US Internal Revenue Service, including serving as director of the Exempt Organizations Division from 1990 until 2000. As director, he was responsible for the design and implementation of federal tax rulings and enforcement programmes or charities and other tax-exempt organisations.
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Speaker
Founding Partner, Total Impact Capital
Arthur is TOTAL's (formerly known as Total Impact Advisors) Founding Partner in Europe. Over his career he has held senior positions in both "for profit" . Arthur is a recognized innovator in social finance and frequently invited to speak and write on innovative financing vehicles for social purposes. Historically he has or does sit on a number of boards / or in an advisory capacity including the WEF Social Finance Agenda Council, OECD Special Advisors Group to the G8 Impact Report, European B Corp Advisory Board, Big Issue Invest (UK) , Ecolint (Suisse) , Nexi (S Africa) , PeePoo (Sweden)
Prior to his current role at TOTAL he was SVP and a Leadership Group Member of Ashoka, the world's largest supporter of social entrepreneurs. At Ashoka he was Global Head of Social Financial Services, and a Leadership Group Member serving in DC, New York and London. Since 2005 he has been involved in the conceptualisation or origination of many of the ideas in Impact investing - including Social Impact Bonds, The Ashoka / DB Eye Fund (top 20 idea of New Philanthropy - Fast Company) - one of the first layered funding structures, metric frameworks including the Social Progress Index. His greatest pleasure is in working with ground breaking Social Entrepreneurs, Corporate and Institutions who have large scale ideas for change. As a former Banker specialising in Product development and Change management Arthur has been instrumental in encouraging major global finance firms including JP Morgan to enter the business of social investing. He is also deeply involved in the conceptualization and creation of new legal / financial hybrid structures to encourage equitable social investment -. One of his current focus is working with leading lawyers, Accenture, Sphaera (technology) in blending his knowledge of Finance / legal frameworks and IT to create genuine Outcome models. Educated LSE, HEC , Merill Lynch and SDA Bocconi, Married to a Norwegian, three children and a Labrador
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Speaker
Andrew is co-founder and board co-chair of B Lab, the nonprofit organization behind the B Corp movement. B Lab’s vision is stakeholder capitalism - an inclusive, equitable, and regenerative economic system for all. B Lab drives systemic change by changing the culture, behavior, and structure of business and the capital markets. The movement is led by the example of nearly 8,000 Certified B Corporations in 80 countries. Before leaving the private sector to co-found B Lab, Andrew spent 16 years as a partner in private equity funds at DLJ, Credit Suisse, and MSD Capital. He and his co-founders have won numerous awards and recognition, including a New York Times Visionary, the Skoll Award for Social Entrepreneurship, and the McNulty Prize. He is a lecturer at Princeton University, where he teaches a course on stakeholder capitalism with his wife, Margot Brandenburg, and he has served on numerous for profit and non-profit boards. Andrew lives in Brooklyn with his wife and four children.