California
AB 361 creates the incorporation of "benefit organizations" as an entity within the state that moves away from sole stakeholder responsibility and places more emphasis on stakeholder priorities than exists currently. Several states are considering similar legislation with several successes in Maryland, Hawaii, New Jersey, Vermont, and Virginia.
Can increasing government regulation within the field of social enterprise enable social entrepreneurs in their mission to fulfill the unmet needs of society? This is another example of the unique role social innovators must fill between the public and private markets. This example shows highlights the fact that unlike their for-profit counterparts policy regulations have the potential to help these organizations meet their missions. At any point does government interference inhibit the product/idea development that allows organizations like those mentioned in the article to continue to innovate? I am not sure but I think this an interesting example of the sphere social innovation fulfills our society.
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