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yaikes "The company is owned by a trust on behalf of all its employees — known as partners - who have a say in the running of the business and receive a share
by SonicSoul 14y ago
yaikes
"The company is owned by a trust on behalf of all its employees — known as partners - who have a say in the running of the business and receive a share of annual profits"
i hope every business decision does not need to be put to a vote by entire staff.
- mjn 14y agoThey use a system of representative democracy to keep it from being too unwieldy: http://www.johnlewispartnership.co.uk/about/the-partnership/governing-authorities/partnership-council.html http://www.johnlewispartnership.co.uk/about/the-partnership/... Not that much different from how things work in public corporations. Every shareholder has a say in the running of a business, but AMD does not check with me for every single decision they make, even though I own a share of the company. Except in this case, the shareholders and the employees are identical sets.
- walshemj 14y agoThat's the way most coops work coop by ownership not coop by management except for major decisions where everyone one get their say. I once chaired a share holders meeting of a coop and had to ask the founder to stop speaking as he had all ready spoken on the substantive motion and other junior members wanted to speak. Thank goodness for Citrine (The Uk equivalent to Roberts Rules of Debate)