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Proposals for a governance design framework for mission-driven start-ups
[Propositions d’un design de la gouvernance de la start-up à mission]

Author

Listed:
  • Numa Cavagna

    (MRM-FIN - Montpellier Research in Management - Finance - MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier)

  • Éric Stéphany

    (MRM-FIN - Montpellier Research in Management - Finance - MRM - Montpellier Research in Management - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier)

Abstract

Our research article offers an analysis of the governance design of mission-native start-ups, which embed a socio-environmental purpose into their statutes from inception. Drawing on an in-depth case study, it highlights a hybrid configuration combining cognitive levers (strategic support, stakeholder alignment) and disciplinary mechanisms (impact reports, external audits). Three propositions are developed: (1) from the seed-capital stage onward, the purpose exerts pressure on the firm by prompting the creation of monitoring bodies and follow-up mechanisms, thereby reinforcing its disciplinary dimension; (2) the mission acts as a governance mechanism by structuring socio-environmental objectives and guiding decision-making; (3) the publication of annual reports—based on specific indicators and validated by the Third-Party Mission Auditor (OTI)—strengthens both disciplinary and cognitive oversight. A fine-grained analysis of these governance mechanisms reveals their functional interdependence, supporting the structuring of a formalized cognitive governance suited to the demands of impact-oriented entrepreneurship.

Suggested Citation

  • Numa Cavagna & Éric Stéphany, 2025. "Proposals for a governance design framework for mission-driven start-ups [Propositions d’un design de la gouvernance de la start-up à mission]," Post-Print hal-05367817, HAL.
  • Handle: RePEc:hal:journl:hal-05367817
    DOI: 10.3917/inno.hs1.2025.0087
    as

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