Shareholder foundations : the first European study
The model of shareholder foundation, which combines charitable giving and investment, capitalism and philanthropy, remains largely ignored in France. The Laboratoires Pierre Fabre are indeed an exception in the French economic/business landscape. Prophil, a French strategic consulting firm, specialized in new philanthropic and economic models, has naturally chosen shareholder foundations as a research topic.
Following a conference organized with Delsol Avocats in March 2014, Propil decided to gather this well-known law firm, the Philanthropy Chair of the Essec Business School, to explore the topic with the financial support of Mazars. The study was conducted in 4 European countries: Denmark, Germany, France and Switzerland.
The study explores an economic reality that remains a groundbreaking terra incognita. This model is paradoxical: widespread yet unknown, influence yet discreet, virtuous for some and subversive for others. It is the starting point of a collective reflection that needs to be pursued.
Mission-led companies : the first internatioanl overview
Since a decade new legal forms are emerging in different countries, encouraging business to serve a (social, societal, environmental) mission defined in the social object, opposable by the stakeholders, with their economic performances. This study published by the Prophil office, in partnership with Mines ParisTech, Groupe Caisse des Dépôts, KPMG France and Sycomore Asset Management, reveals and compares for the first time this new hybrid legal forms, inspiring for France.
The mission led business overcomes the discretionary approach of the corporate social responsibility (CSR) policies, assuming an enforceability of its engagements regarding extra financial impacts. It establishes new governance rules and repositions the business within society. In the dynamism of solidary and social economy, it assumes its economic performances and activities impact measure research.
From the United States, to Italy, through Canada or the United Kingdom, mission led business bloom and render a powerful dynamic. Who are the pioneers? Why do they choose these new hybrid legal forms? Why do they statutorily commit themselves beyond existing certifications? How does the mission get defined and evaluated? How do the stakeholders get associated to its realization? What makes the mission useful for the performance and reciprocally?
An independant consulting firm
Dedicated to building innovative bridges between economic investment goals and philanthropy.
Founded by Virginie Seghers in association with Geneviève Ferone Creuzet, Prophil advises corporations, private and corporate foundations, and individuals at every stage of economic/social/philanthropic investment in order to assist its clients in achieving greater social impact: vision, strategy, implementation, monitoring, and evaluation. An independent company, operating on a human scale, Prophil offers an individualized, tailor-made approach to every client’s needs, and is built on the more than 20 years of experience of its associates with both French and international business environments.
From philanthropy to impact investing
Philanthropy is R&D for business.
Prophil is the creative result of a dual focus on both responsible economics and philanthropic outcomes. Made possible by the combined and complementary expertise of Virginie Seghers and Geneviève Ferone Creuzet, Prophil represents the synthesis of a new, more entrepreneurial philanthropy, which differs radically from traditional charity, and socially-responsible, more collaborative, economic activity. Prophil focuses on complementary actions, from donation to impact investment, carried forward in a coherent and mutually-reinforcing way.
A more inclusive economic vision
An altruistic economy takes into account the interests of the next generations, the common good, and seeks to reorient economic activity toward long-term environmental and economic, cultural, and social challenges. It is based on including the considerations of all stakeholders – present and future, rather than the sole accomplishment of short-term economic objectives. It puts the human being, and the environment, at the heart of its initiatives. This new economic vision occurs uniquely at the interface between the new philanthropy and entrepreneurship – and is the heart of Prophil’s mission.