Políticas Públicas para el Fomento de Empresas BIC con enfoque para el desarrollo sostenible

Abstract

This research is focused on the analysis of the business model of Benefit and Collective Interest Companies (BIC) in three Latin American countries: Ecuador, Colombia and Uruguay. The aim is to identify their similarities and differences to propose a public policy that promotes the creation of BIC companies in Ecuador. To achieve this, we applied a qualitative and comparative approach, highlighting various aspects of the relevant legislation in each country. We have been able to identify how the BIC model is adopted, and which processes could facilitate its implementation. Through our research, we found that Colombia and Uruguay have developed specific laws regulating BIC companies, whereas in Ecuador, only reforms within general laws have been made. This limits their effectiveness and does not promote the institutional strengthening of the BIC model. The article also highlights the evolution of corporate social responsibility, which has been shifted from an ethical option to a legal obligation within the BIC context. Finally, we propose a public policy focused on the creation of an Organic Law for the sustainable development, organization and effective regulation of BIC companies in Ecuador. This proposal aimsto significantly improve the business ecosystem in Ecuador, emphasizing the important role the state must play in promoting this business model through effective public policies.