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

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

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

4/ self-governance

- 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:

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?

Interested in the topic and want to learn more:



https://purpose-economy.org/en/whats-steward-ownership/#:~:text=The%20concept%20of%20%E2%80%9Csteward%2Downership,protecting%20it%20from%20extractive%20capital

https://purpose-economy.org/content/uploads/purposebooklet_en.pdf