Subjam SPC is a Social Purpose Corporation. Contrary to a traditional corporation whose primary mission is to generate profits and earnings for shareholders, we declare four “Social Purposes” in our charter to additionally support and lift up the music world.
Our four social purposes are to:
From our Articles of Incorporation:
ARTICLE II
PURPOSES
2.1 The Corporation shall be organized and operated as a social purpose corporation, to the greatest extent permitted a business corporation formed under the Act. The Corporation shall be devoted to promoting the art of music and supporting musicians and music communities (the “General Social Purpose”). This corporation is organized to carry out its business in a manner intended to promote positive short-term or long-term effects of, or minimize adverse short-term or long-term effects of, the Corporation’s activities upon any or all of: (1) the Corporation’s employees, suppliers or customers; and (2) the local, state, national or world community.
2.2 In addition, the Corporation is organized for the following purposes (collectively referred to as “Specific Social Purpose):
2.3 The mission of this social purpose corporation is not necessarily compatible with, and may be contrary to, maximizing profits and earnings for shareholders, or maximizing shareholder value in any sale, merger, acquisition, or other similar actions of the Corporation.
You can view our annual corporate Social Purpose Reports here.