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.
26. Co-Operative (definition)
26. Co-Operative (definition)
26. Co-Operative (definition)
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.