The Ministry of Government and Consumer Services filed a report today that explores the idea of new legislation to allow for "hybrid" social enterprise corporations. Here's the definition of "social enterprise" given in the report:

“A corporate entity that exists primarily to promote public benefit using business strategies, building social and financial capital, and offering innovative ways of operating for social and / or environmental purposes.”

One interesting part of the report is a recommendation that social enterprises publish an annual social benefit report and that it be made available publicly. There are 14 other recommendations.

The public has until May 4th, 2015 to provide comments by emailing a filled-in version of this form to consumerpolicy@ontario.ca.

Here are the panel members who wrote the report:

NameTitle
Terrance Carter Managing Partner, Carters Professional Corporation
Lynn Eakin Policy Advisor, Ontario Nonprofit Network
Linda Godel Lawyer, Torkin Manes LLP, Not-for-profit and charitable organizations practice
Allyson Hewitt Senior Fellow, Social Innovation and Director, SiG@MaRS
Scott Kaplanis Partner, Epic Capital
Teri Kirk Founder, The Funding Portal
Bernie Li Co-founder and Vice President, Pure Energies
Susan Manwaring Partner, Miller Thomson LLP, Chair of OBA Charity Section
Don McCreesh Chair of Standards Council, Imagine Canada
Magnus Sandberg Vice President and General Manager, Social Capital Partners
David Stevens Partner, Gowlings LLP, Corporate Tax practice including charities and personal tax planning
Tonya Surman Executive Director, Centre for Social Innovation
Norm Tasevski Co-Founder and Partner, Purpose Capital
Kevin West Founder, SkyLaw Professional Corporation

Deloitte managed the panel's consultations with the following experts:

NameTitle
Richard Bridge Charity Lawyer in Nova Scotia
Sara Burgess UK Community Interest Company Regulator
Hayley Clark Director, Business Programs Service Nova Scotia & Municipal Relations, Government of Nova Scotia
Silvia Dorado Visiting Professor, Waterloo Institute for Social Innovation and Resilience
Peter Elson Senior Research Associate, Institute for Non-profit Studies, Mount Royal University
Aaron Emes Partner, Tory’s
Shelley McNellis Director, Innovative Partnerships Ministry of Social Development and Social Innovation, British Columbia
Nancy Neamtan Présidente-directrice générale, Chantier de l'économie sociale
Joyce Sou Manager, B Corps and Social Impact Metrics, MaRS Centre for Impact Investing
Dennis Tobin Partner, Blaney McMurtry
Erik Trojian Director of Policy, B Lab