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Ability to vote on how the business operates and things like compensation and benefits. Different employee owned businesses are governed differently, but in ge
by ensignavenger 3y ago
Ability to vote on how the business operates and things like compensation and benefits. Different employee owned businesses are governed differently, but in general, the employees have more control.
- astura 3y agoI elaborated in a sibling comment, but this is just not necessarily true. Both employee owned companies I've worked for were effectively dictatorships where employees got exactly zero say in anything. Employee-owned just means that employees are the shareholders.
- mixmastamyk 3y agoShareholders have some rights to affect policy.
- quickthrowman 3y agoI work for a 100% ESOP and the only things we are able to vote on are mergers, ownership structure changes, liquidation, and dissolution. There are no other voting rights or board member nominations/votes.
- ensignavenger 3y agoHow is the Board of Directors chosen?