Social Finance Connects: Demonstrating Impact - From Corporate Structures to Certifications
Thursday, May 30, 2013 from 12:00 PM to 1:00 PM (EDT)
This month, we are excited to feature a spotlight on the emergence of corporate structures and certifications which help social enterprises demonstrate their impact. This edition of Social Finance Connects will showcase the B Corporation certification and the Community Interest Company (CIC) corporate model currently underway in Nova Scotia.
Joyce Sou will share her insights on the benefits of B Corporation certification and how social purpose businesses measure their impact through the Global Impact Investing Rating System (GIIRS) and B Corporation assessment.
David Upton will provide us with an in-depth look at the benefits and implications of the CIC model as a corporate structure option for incorporating social enterprises. He’ll discuss his experiences throughout the legislative process and provide an update on the regulatory and administrate status of the CIC model in Nova Scotia.
About Joyce Sou
Joyce is the manager of B Corps and social impact metrics at the MaRS Centre for Impact Investing. She spent over seven years at KPMG and worked as a manager of assurance services in the Consumer Markets Group. In her role, she focused on leading audits of manufacturing and retail clients throughout North America and also worked as a recruiting manager for campus talent attraction. She has also spent time in South Africa on secondment, auditing oil and gas companies and chasing elephants on safari.
Joyce is a partner at Social Venture Partners Toronto and serves on the Investment Committee as well as on the Advisory Team to selected investees. She holds an undergraduate degree in commerce from Queen’s University and is a chartered accountant.
About David Upton
David has been using entrepreneurship as a tool for change for over 30 years. He blends his experience in community development and his professional interest in social enterprise and the social economy to develop a socially responsible and entrepreneurially engaged workforce. He has worked with Aboriginal groups in Canada's North, youth and business development organizations, and all levels of government to develop sustainable entrepreneurial projects in recreation, the arts, environment and business sectors. David has a special passion for working with young entrepreneurs. As a key member of the Students in Business program, creator of the Innovative Ideas Competition and co-creator of the Youth Social Enterprise Boot Camp, he has worked with hundreds of post-secondary students throughout Nova Scotia to develop student-led enterprise and social enterprise projects.
David is an active volunteer, having been a member of the Social Economy and Sustainability Research Network Subnode, which focused on food security in the Atlantic Provinces. He is the founding and current president of the Atlantic Council for Community and Social Enterprise, and sits on a number of national committees to further develop the policy environment for investment and capacity growth in the sector. He is a regular panelist and presenter at conferences and symposia on entrepreneurship and community development in Atlantic Canada.
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When & Where
MaRS Discovery District, Social Innovation Generation & Ashoka Canada present
MaRS (www.marsdd.com) is a large scale, mission driven innovation centre located in Toronto and networked across Ontario, focused on building Canada’s next generation of technology companies.
MaRS works closely with entrepreneurs to grow and scale their ventures into global market leaders in life sciences and health care, information, communications and entertainment technologies, cleantech, advanced materials and engineering, as well as innovative social purpose businesses.
Social Innovation Generation (SiG) (www.sigeneration.ca) is a collaborative partnership founded by The J.W. McConnell Family Foundation, the University of Waterloo, the MaRS Discovery District, and the PLAN Institute. Our ultimate goal is to support whole system change through changing the broader economic, cultural and policy context in Canada to allow social innovations to flourish.
Ashoka (canada.ashoka.org) is the global association of the world’s leading social entrepreneurs – individuals with system-changing solutions for the world’s most urgent social problems. Ashoka is redefining the global citizen sector by creating a system of collaborative entrepreneurship. Connecting the work of individual social entrepreneurs to business, academic and public sector partners, they create a network effect driving the sector forward and developing new solutions to global problems.