Companies with Multiple Purposes: A Study of Governance in French Sociétés à Mission

Blanche Segrestin (), Jérémy Lévêque () and Kevin Levillain ()
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Blanche Segrestin: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Jérémy Lévêque: CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique
Kevin Levillain: Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres, CGS i3 - Centre de Gestion Scientifique i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique, PSL - Université Paris Sciences et Lettres, I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique

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Abstract: New legal frameworks, such as Benefit Corporations in the United States and sociétés à mission in France, provide companies with a structure to ensure the long-term pursuit of multiple purposes. This paper explores the governance mechanisms of sociétés à mission and their ability to ensure adherence to these purposes. By focusing on the role of the mission committee, we identify a novel governance mechanism that emphasizes not extra-financial reporting or stakeholder participation, but rather the oversight of managerial decisions with the social or environmental purposes.

Keywords: société à mission; purpose oversight; law; corporations; governance; responsibility; sustainability; purpose (search for similar items in EconPapers)
Date: 2025-07-25
Note: View the original document on HAL open archive server: https://hal.science/hal-05015380v1
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Published in Academy of Management, AOM, Jul 2025, Copenhague, Denmark

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05015380

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