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1/ Have you heard about Steward-ownership?
I did some research and here is what I found:
Steward-ownership is an alternative to conventional ownership that permanently secures a company’s mission and independence in its legal DNA.
Time for a thread
I did some research and here is what I found:
Steward-ownership is an alternative to conventional ownership that permanently secures a company’s mission and independence in its legal DNA.
Time for a thread
2/ Solutions for steward-ownership have been found by generations of entrepreneurs all over the world.
These pioneers have found innovative ways of committing their businesses to two key principles:
- profits serve purpose
- self-governance
These pioneers have found innovative ways of committing their businesses to two key principles:
- profits serve purpose
- self-governance
3/ profits serve purpose
- The wealth generated by these businesses cannot be privatised. Instead, profits serve the mission of the company, and are either reinvested in the company, stakeholders or donated
- The wealth generated by these businesses cannot be privatised. Instead, profits serve the mission of the company, and are either reinvested in the company, stakeholders or donated
4/ self-governance
- Control remains inside the company with the people directly connected to stewarding its operation and mission
- Control remains inside the company with the people directly connected to stewarding its operation and mission
5/ It is not a new thing.
Here are some examples.
Europe:
Novo Nordisk, BOSCH, and Zeiss
US
Mozilla, OpenAI, Newman’s Own in the
There are tons more:
Here are some examples.
Europe:
Novo Nordisk, BOSCH, and Zeiss
US
Mozilla, OpenAI, Newman’s Own in the
There are tons more:
6/ Data shows steward-owned companies are six times more likely to survive over a forty-year period than conventionally owned businesses
7/ Is it time to re-think traditional ownership?
