Table 1 Comparing Accountability and... | Emerald Publishing

Table 1

Comparing Accountability and Purposes/Priorities Across Forms

Purposes/priority	Accountability
	Mechanism						Fiduciary accountability for what?
		Owner	Social pressure	Legal/damages^a			Loyalty and following process	Outcomes/results
				Fiduciary	Contract		Loyalty and following process	Outcomes/results
	Profits:	For-profit	For-profit	For-profit	For-profit	For-profit:
	Social good:	Modified for-profit	Modified for-profit	Social primacy company	Modified for-profit?	Social primacy company
	Charitable:	L3C, modified for-profit	501(c)(3), L3C, modified for-profit	501(c)(3) L3C	Modified for-profit?	501(c)(3) L3C
	Flexibility:	Benefit corporation, social purpose corporation, modified for-profit	Benefit corporation, social purpose corporation, modified for-profit		Benefit corporation? Social purpose corporation? Modified for-profit?	Benefit corporation, social purpose corporation, modified for-profit

Purposes/priority	Accountability
	Mechanism						Fiduciary accountability for what?
		Owner	Social pressure	Legal/damages^a			Loyalty and following process	Outcomes/results
				Fiduciary	Contract		Loyalty and following process	Outcomes/results
	Profits:	For-profit	For-profit	For-profit	For-profit	For-profit:
	Social good:	Modified for-profit	Modified for-profit	Social primacy company	Modified for-profit?	Social primacy company
	Charitable:	L3C, modified for-profit	501(c)(3), L3C, modified for-profit	501(c)(3) L3C	Modified for-profit?	501(c)(3) L3C
	Flexibility:	Benefit corporation, social purpose corporation, modified for-profit	Benefit corporation, social purpose corporation, modified for-profit		Benefit corporation? Social purpose corporation? Modified for-profit?	Benefit corporation, social purpose corporation, modified for-profit

^aNot addressed are potential causes of action for securities fraud, consumer protection, truth in advertising, and other regimes not dependent on form or structure.