ABOUT SUSTAINABILITY SUPERVISION

COMPARISON BETWEEN THE LEGAL REGIME FOR COOPERATIVES AND THE PROJECTED REGIME FOR PUBLIC BENEFIT CORPORATIONS

Abstract

We examine the control of the seventh principle that guides the activity of cooperatives, referred to as "interest for the community", which is closely related to the notion of "sustainable development". We will show that such an audit is necessary because it is the aspects related to sustainability that to a large extent serve as the basis for their preferential treatment, for example, in tax matters, subsidies, preferential treatment in the allocation of public funds, and even by consumers. We will show that our legislation restricts the audit to administrative, accounting and financial aspects, raising the possibility of replicating the treatment provided for in the bills on the establishment of companies of collective benefit and interest, which require at least a social report, if not a social audit.