Sri Lanka needs to develop new legal frameworks to support the development of a thriving social enterprise sector. The existing laws and systems are not capable of addressing the issues faced by modern social businesses. More and more charities in Sri Lanka are changing in to social businesses. The current laws may not be sufficient to control the risks to the community and the environment. With the rapid growth of social enterprises, countries like the UK and USA have introduced new company models such as Community Interest Companies (CICs) and B-corporations (B-corps).
This evening talk will discuss the legal issues faced by emerging social entrepreneurs and corporate citizens in Sri Lanka and explore innovative solutions with a long term view.
iProbono is a non-profit online network connecting civil society organisations and social businesses in need of legal assistance with lawyers and students who want to use their legal skills for the public good.