Social Enterprise

Definition: a Social Enterprise is an organization that aims to maximize improvements in human and environmental well-being rather than (only) making profits for its shareholders. Social enterprises can be structured as a for-profit or non-profit, and may take different forms, depending on the country and legislation in which it exists.
What sets social enterprises apart from regular business firms (even when having a corporate responsibility program) is that their social mission is as core to their success as any potential profit. Their commitment to social impact is central to their corporate mission. Some social firms do not even aim to offer any benefit to its investors.

More on social enterprises. More on corporate governance: Agency Problem, Belief System, Board of Directors, Boundary System, Chairman of The Board, more...