e-ISSN 2231-8542
ISSN 1511-3701

Home / Regular Issue / JTAS Vol. 25 (S) Oct. 2017 / JSSH-S0542-2017


Public Interest Corporation: A New Business Platform for Social Entrepreneurship in Malaysia

Shahril Nizam, M., Bidin, A. and Murshamshul, M. K.

Pertanika Journal of Tropical Agricultural Science, Volume 25, Issue S, October 2017

Keywords: Legal entity, public interest, social entrepreneurship, statutory laws

Published on: 16 Apr 2018

Social entrepreneurship is one of the mechanisms to tackle social or community's economic issues and to achieve sustainable development of a country. In Southeast Asia, business entities are mostly private and there are few social and economic enterprises. Therefore, United Kingdom had enacted special laws to govern and to promote the development of social enterprises. These were introduced to address lack of laws to form - charitable social enterprises. In contrast with commercial legal framework, these laws were designed to facilitate social enterprises to prioritise social goals rather than private shareholders interest. The objective of this paper is to explore the possibility of introducing a new legal framework for social entrepreneurs in Malaysia. This legal framework could be used to carry out business activities and gain profit with a clear purpose that profits of the business shall be used for public interest. This paper analyses statutory laws and other legal doctrines to see how this law could be applied in Malaysia.

ISSN 1511-3701

e-ISSN 2231-8542

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