Social Enterprise in Taiwan Prof. Joyce Yen Feng President Taiwan - - PowerPoint PPT Presentation
Developing Social Enterprise in Taiwan Prof. Joyce Yen Feng President Taiwan NPO Self-Regulation Alliance 2017/03/23 at Hong Kong Social Enterprise Ecology Schools & Social Universities Enterprise Practitioners Metrics &
President Taiwan NPO Self-Regulation Alliance
2017/03/23 at Hong Kong
Social Enterprise Practitioners Consumer Awareness & Support Schools & Universities Government Law & Policies Investment Capital Metrics & Measurement
Source: Jim Schorr's speech in the 2014 SEWF, Seoul.
2
ex: 2014 Social Enterprise Action Plan, Executive Yuan
Consumers Social enterprise Social enterprise
Incubators and Schools
ex: SE Hub, I-Lab, universities
Angel Funds ex: SERT Social enterprise
Self Regulation
The amendment to The Company Act, (in discussion)
ex: SE Enlistment 2015-on going
3
Vision Goals Strategies
Core Framework
Create an ecosystem that nurtures innovation, start-ups, growth, and developments for social enterprise. ■ Providing a friendly environment for social enterprises. ■ Networking social enterprises. ■ Improving the business model for social enterprises. Deregulation To create a reasonable legal environment for social enterprises. Networking To promote cross-sectional collaborations, and global connections as well. Financing To provide multiple fundings through angels, VCs, and credit guarantee, etc. Incubation To build supporting system for social enterprises’ developments.
4
Recommended by MOEA Recommended by other Ministries Individual application Recommended by local governments Online Application On-Site Visit Committee review Capacity Building Success
The consultant committee is consisted of
✖ Scholars ✖ Entrepreneurs ✖ NPO professionals
who are related to the development of social enterprise in Taiwan. TWNPOSA assists SEs to accomplish:
✖ Enlistment information ✖ Annual report
Up to 2016,
✖ 70 small-scale SEs ✖ 30 advanced SEs (with annual reports) ✖ 40 Ministry endorsed
enlisted on the platform.
TWNPOSA conducts on-site visits, for SEs’ :
✖ Background and motivation ✖ Targeted social problem ✖ Social mission ✖ Business model ✖ Social impact ✖ Capacity and needs Through on-site visits, impact assessments, TWNPOSA assists advanced SEs to produce annual report with a focus on social impacts. Not only the report shows the self- regulating spirit and transparency of a SE, but also serves as a media for SE to communicate with their stakeholders.
5
Categories
These enlisted SEs could be grouped into 8 categories based on their targeted social problems：
6
Estimated Annual Turnover(USD) Employment
1USD≒30TWD
7
Annual Report
9
社會福祉及社會企業公益信託循環基金
Mission Social Enterprise Revolving Trust, SERT, was established by private sector to provide financial support in the form of investment to social enterprises in
necessary assistance such as consulting or networking with an aim of inspiring innovation and collaboration. SERT expects to see investee social enterprises make great profit then contribute back to SERT, and share the experiences with
Focus SERT focuses on SE in agricultural innovation, employment, community development/culture reservation, fair trade, environment protection, health care, education, technology innovation, green energy and inter-generationals. The trustor, Christina Sung, former chairwoman of the Taipei Financial Center Corp, which owns Taipei 101, has devoted to the development of social enterprise and to share her own experiences on entrepreneurship with social entrepreneurs. Done deals by Dec 2016
10
11
Youth Start-up Hub
assist young entrepreneurs: ✖ one to one consultation services ✖ startup guidance ✖ related workshops, lectures and activities
Social Enterprise Hub
✖ The site of the premier’s official residence formerly has become one of the most important hub and co- working space for social entrepreneurs. ✖ SE Hub hosts lectures for all kinds of topics, such as:
Social Enterprise Incubators In Taiwan, there are about 130 incubators in total and some
Enterprise. e.g.Innovation Incubation Center, Chang Jung Christian University(長榮大學). ✖ Social Enterprise Ark promotes social innovation among social entrepreneurs.
12
Social Enterprise Insights
✖ The first Mandarin language social enterprise platform in Taiwan, which inspires, connects and supports social innovation and social enterprises in the Greater China Region. ✖ iLab is the first SE incubation program in Taiwan aiming at discovering and cultivating future changemakers.
Epoch Foundation
✖ Garage+ aims to foster regional collaborations and build synergy through providing entrepreneurs with innovative technologies, capital and knowledge management skills. ✖ Garage+ provides the services of fund, mentor, international support, campus, recruiting and training.
School Program about Social Enterprise Some universities provide programs in social enterprise, e.g.
✖ Master Program in Social Enterprise, Fu Jen Catholic University(輔仁大學) ✖ Master Program of Social Enterprise Management, Chinese Culture University( 中國文化大學) ✖ Master Program of Non-Profit and Social Enterprise, Shih Hsin University(世新大學) ✖ Social Enterprise Innovation and Entrepreneurship program, Sun Yet-San University(中山大學)
POSTGRADUATE EDUCAtION
14
There are also programs with the ideas of social enterprise within social innovation, e.g.
✖ Innovation and Entrepreneurship Program, National Tsing Hua University(清華大學) ✖ Program in Social Innovation Leadership, National Cheng-Chi University(政治大學) ✖ Creativity and Entrepreneurship Program, National Taiwan University(臺灣大學) ✖ D-School (The Stanley Wang D- School @ NTU 臺灣大學)
Undergraduate education
The three primary objectives of D-School are:
environment
Source:D-School@NTU
15
16
To react to the challenges arising from the transformation of industries, the emergence of micro e-commerce businesses, the increasing importance of stakeholders, aging society ,and environmental sustainability, amendments to the Company Act are considered to be necessary. Draft amendments include: ✖ Widen application of ‘Closely-Held Company Limited by Shares’ ✖ Loosen capital control ✖ Strengthen corporate governance: with more than half of total number of directors, a board meeting can be called. ✖ Protect shareholders’ rights: with shareholders holding more than 50% of shares, a general meeting can be called. ✖ In response to the digital generation: videoconferencing counts ✖ Attract foreign investment: no more certificates of recognition nor branch office registration ✖ And more... A ‘Steering Committee of Company Act Reform’ (公司法全盤修正修法委員 會) was set up in February 2016 by a few devoted scholars with more than 70 participants from different fields.
17
Article 1
The term "company" as used in this Act denotes a corporate juristic person
with this Act [for the purpose of profit making.]
Article 23
…[If the responsible person of a company has, in the course of conducting the business operations, violated any provision
and thus caused damage to any other person, he/she shall be liable, jointly and severally, for the damage to such other person.]
Profit making shouldn’t be the
the interests of stakeholders shall be taken into consideration.
Adding social values
Profit with Purpose Business
A new chapter
With a new chapter of ‘Profit with Purpose Business’, it helps investors and consumers more easily to identify a company with social impacts.
✖ Social purpose written in the constituent documents of the business. ✖ The duties of the directors and officers must include furthering the social impact purpose of the business and require them to have regard for stakeholder interests affected by the business. ✖ Minimum transparency: a report of the impact performance using a qualifying independent standard.
Strength
✖ A growing ecosystem ✖ Increasing involvement
✖ Embracing the new measurements (SROI etc.)
Weakness
✖ Small scale ✖ Lack of social awareness ✖ Lack of VC funding
Opportunity
✖ Governmental initiation of amending the Company Act ✖ More attention to SE ✖ Potential CSR & SE collaboration
Threat
✖ Inactive governing authorities ✖ Disagreements on
V.S. new chapter ✖ Low priority in the amendment process
18
19
Looking Forward
Civil society’s Efforts
✖ collaborating with other sectors ✖ promoting ‘Buy Social Taiwan’ ✖ enhancing Social Enterprise Enlistment Platform ✖ making SERT revolving
Expectations towards the Governments
✖ relaxing rather than tightening up the Company Act ✖ an active, integrated government action on promoting SE ✖ more social values embedded in the process of public procurement ✖ more social promotion on the concept of SE