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Title: The applicability of the social enterprise in a small state : the case of Malta
Authors: Baldacchino, Peter J.
Farrugia, Lindsay M.
Grima, Simon
Keywords: Corporate governance -- Malta
Social entrepreneurship -- Malta
Associations, institutions, etc. -- Law and legislation -- Malta
Nonprofit organizations -- Malta
Issue Date: 2017
Publisher: Governance Research and Development Centre, Croatia & University of Malta, Faculty of Economics, Management and Accountancy, Department of Insurance
Citation: Baldacchino, P. J., Farrugia, L. M., & Grima, S. (2017). The applicability of the social enterprise in a small state : the case of Malta. Journal of Corporate Governance, Insurance and Risk Management, 4(1), 1-28.
Abstract: The main objective of this study is to assess the social, financial and corporate governance (CG) implications of the proposed social enterprise (SE) legislation in Malta. In light of such implications, the study also assesses the applicability of the SE under such legislation. A mixed methodology was adopted. Fifteen interviews were held with experts. Such data was supplemented by 52 valid responses to a questionnaire sent both to co-operatives and voluntary organisations (VOs) in Malta. The study concludes that the proposed legislation has various positive social, financial and CG implications and that the SE, as being proposed, is applicable and filling a void within the Maltese environment. Although such legislation offers both a new legal form and a label, its reference to the Companies Act which ignores SEs’ unique social dimension is questionable. Alternatively, a holistic SE regulatory framework may be developed. Furthermore, statutory thresholds, such as for dividend distribution and trade income, are to be possibly rendered more flexible. This study aspires to raise awareness about the implications of a proposed regulatory framework in Malta, hence hopefully promoting the application of the concept.
ISSN: 2757-0983
Appears in Collections:JCGIRM, Volume 4, Issue 1, 2017

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