Professor Page Testifies in Support of Flexible Purpose Corporations
On January 20th, Professor Antony Page of the Indiana University Robert H. McKinney School of Law testified before the Indiana Senate’s Committee on Commerce and Economic Development. He spoke in favor of Senate Bill 62, which introduces flexible purpose corporations to the state. A flexible purpose corporation is an organizational form for business entities that would like to pursue a social purpose in addition to making a profit. To date, one state has enacted a similar form. A related form known as the benefit corporation has already been enacted in seven states. Supporters expect that the new form would bring additional employment opportunities to Indiana, as well as allowing social entrepreneurs to achieve their visions.
The bill was authored by Indiana State Senator Mike Delph (R-29), who graduated from the law school in 2010 (pictured with Prof. Page).
An expert in international securities and business law, Professor Page has written about and presented on the topic of social entrepreneurship on several occasions. He also spoke to Indiana's Business Law Survey Commission about the bill.