There’s a type of not-for-profit corporation where the members are ALMOST identical to shareholders. When members actually OWN a piece of the corporation – in addition to getting authority through voting rights, etc. – it’s called a “co-operative,” which for the purposes of Ground-Up Governance is yet another sector.
Thanks, Matt. Co-operatives are often missed in governance conversations. There are actually not-for-profit and for-profit co-operatives under Provincial and Federal legislation.
Thanks, Matt. Co-operatives are often missed in governance conversations. There are actually not-for-profit and for-profit co-operatives under Provincial and Federal legislation.
Shhhh...don't say that too loud. Our co-op neighbours to the south are afraid of being taxed!