May 2018

Input to the French Commission

Published March 2018

A report was published in March 2018 by the Ministre de la Transition écologique et solidaire, de la Justice, and de l’Economie et des Finances du Travail, which put forward the case that legislation should be altered to ensure that a company’s objective be within the collective interest.

Bruno Roche, Jean-Christophe Flatin and Nathalie de Baudry d’Asson were invited to contribute to this report on the basis of the research conducted through Mars Catalyst and the development of the Economics of Mutuality model. The report makes a series of legislative and administrative recommendations that, if implemented, would ultimately result in the adjustment to the French Civil Code of 1804, which deals with the objective of a company.

It is both exciting and timely that at the highest levels of government the role of the corporation in society is not just being debated, but subjected to genuine legislative scrutiny. The corporation, and its profit-maximising purpose, was enshrined in law within the context of the needs of a specific era. There is no reason today that we should remain prisoners to the laws we create if such laws no longer serve the common good.

The report rightly concludes that, due to the extreme global challenges we face in this day and age, it is no longer viable for us to maintain the status quo.


Other Articles

Jun 2024
Lisbon Conscious Business Education Conference 2024: Evolving Education for Ethical Business Practices 
Mar 2024
Asia Economics of Mutuality Forum 24-25 April 2024

Korean and global leaders in business, academia, government, and civil society will gather at Hanyang University in Seoul, South Korea, to launch the inaugural Economics of Mutuality Foundation and Hanyang University’s Global Forum on the role of business and investing in society. The event will take place from April 24 to 25, 2024. The two-day event will include addresses by Professor Colin Mayer, former Dean of Oxford University’s Said Business School; Chairman Moon Kook Hyun, President of the New Paradigm Institute and former CEO of Yuhan-Kimberly, and Dr. Jay Jakub, the Executive Director of the Economics of Mutuality Foundation, and co-author of the book, “Completing Capitalism.” The event will highlight the roles of academia, corporations, investors, family offices and entrepreneurs in creating an ecosystem of mutual value co-creation by how companies deploy their capital in society.

Mar 2024
Oxford Virtual Executive Education Program, September 12 – October 31, 2024

Driving Impact Through Mutual Value Creation, an 8-week online course brought to you by Oxford University’s Saïd Business School and the Economics of Mutuality team, will equip you to walk the talk of Stakeholder Capitalism.

Mar 2024
Nordic Economics of Mutuality Forum October 15-16

The first Economics of Mutuality forum to be held in Scandinavia, this event taking place October 15-16, 2024 will be hosted by Brandinnova, the Center for Brand Research at the Norwegian School of Economics (NHH), Jæren Sparebank, and the Economics of Mutuality Foundation.