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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Blanche Segrestin & Jérémy Lévêque & Kevin Levillain, 2025. "Companies with Multiple Purposes: A Study of Governance in French Sociétés à Mission," Post-Print hal-05015380, HAL.
    • Handle: RePEc:hal:journl:hal-05015380
    Note: View the original document on HAL open archive server: https://hal.science/hal-05015380v1
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    References listed on IDEAS

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