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Employee Stock Ownership Plan
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phantom Stock
Phantom stock is a contractual agreement between a corporation and recipients of phantom shares that bestow upon the grantee the right to a cash payment at a designated time or in association with a designated event in the future, which payment is to be in an amount tied to the market value of an equivalent number of shares of the corporation's stock. Thus, the amount of the payout will increase as the stock price rises, and decrease if the stock falls, but without the recipient (grantee) actually receiving any stock. Like other forms of stock-based compensation plans, phantom stock broadly serves to align the interests of recipients and shareholders, incentivize contribution to share value, and encourage the retention or continued participation of contributors. Recipients (grantees) are typically employees, but may also be directors, third-party vendors, or others. Business owners may offer phantom stocks as a way to reward and retain employees, however employees can only own phant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mondragon Cooperative Corporation
The Mondragon Corporation is a corporation and federation of worker cooperatives based in the Basque region of Spain. It was founded in the town of Mondragón in 1956 by Father José María Arizmendiarrieta and a group of his students at a technical college he founded. Its first product was paraffin heaters. It is the seventh-largest Spanish company in terms of asset turnover and the leading business group in the Basque Country. At the end of 2016, it employed 74,117 people in 257 companies and organizations in four areas of activity: finance, industry, retail and knowledge. By 2019, 81,507 people were employed. In 2024, it had over 70,000 workers, 30,660 in the Basque Country, 29,340 in the rest of Spain and around 10,000 abroad. Mondragon cooperatives operate in accordance with the Statement on the Co-operative Identity maintained by the International Co-operative Alliance. History In 1941, as a young Catholic priest, Arizmendiarrieta settled in Mondragón, a town ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative
A cooperative (also known as co-operative, coöperative, co-op, or coop) is "an autonomy, autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled wikt:Enterprise, enterprise". Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. They differ from Collective farming, collectives in that they are generally built from the bottom-up, rather than the top-down. Cooperatives may include: * Worker cooperatives: businesses owned and managed by the people who work there * Consumer cooperatives: businesses owned and managed by the people who consume goods and/or services provided by the cooperative * Producer cooperatives: businesses where producers pool their output for their common benefit ** e.g. Agricultural cooperatives * Purchasing cooperatives where members pool their purchasing power ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Service Mutual
In England, a public service mutual is an organisation that has left the public sector but continues delivering public services. There is a significant degree of employee ownership, influence or control in the way the organisation is run. CSH Surrey was the first public service mutual to be created out of the NHS The National Health Service (NHS) is the term for the publicly funded health care, publicly funded healthcare systems of the United Kingdom: the National Health Service (England), NHS Scotland, NHS Wales, and Health and Social Care (Northern ... in 2006. There are now over 100 public service mutuals across England, delivering public services across a wide range of sectors.{{Cite web, title=A brief overview of Public Service Mutuals and their benefits, url=https://www.gov.uk/guidance/introduction-to-public-service-mutuals, last=, first=, date=4 May 2020, website=GOV.UK, archive-url=, archive-date=, access-date=4 May 2020 References Types of organization Nat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Enterprise
A social enterprise is an organization that applies commercial strategies to maximize improvements in financial, social and environmental well-being. This may include maximizing social impact alongside profits for co-owners. Social enterprises have business, Natural environment, environmental and social goals. As a result, their social goals are embedded in their objective, which differentiates them from other Organization, organisations and Company, companies. A social enterprise's main purpose is to promote, encourage, and make social change.J., Lane, Marc (2011). ''Social enterprise : empowering mission-driven entrepreneurs'' (1st ed.). Chicago, Ill.: American Bar Association. . OCLC 886114442. Social enterprises are businesses created to further a social purpose in a financially sustainable way. Social enterprises can provide income generation opportunities that meet the basic needs of people who live in poverty. They are sustainable, and earned income from sales is reinvested ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee
Employment is a relationship between two party (law), parties Regulation, regulating the provision of paid Labour (human activity), labour services. Usually based on a employment contract, contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wage, wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuity, gratuities, bonus payments or employee stock option, stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by Labour law, employment laws, o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Employee-owned Companies
This is a list of notable employee-owned companies by country. These are companies totally or significantly owned (directly or indirectly) by their employees. Employee ownership takes different forms and one form may predominate in a particular country. For example, in the U.S. over 5,700 of the roughly 6,400 employee-owned companies have an Employee Stock Ownership Plan (ESOP). An ESOP is an employee-owner method that provides a company's workforce with an ownership interest in the company. In an ESOP, companies provide their employees with stock ownership, often at no up-front cost to the employees. ESOP shares, however, are part of employees' remuneration for work performed. Shares are allocated to employees and may be held in an ESOP trust until the employee retires or leaves the company. The shares are then sold. Worker cooperatives are another form of employee ownership wherein workers are exclusive owners and managers of the firm, with one vote per employee in democratic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Co-operatives UK
Co-operatives UK is a British co-operative federation described as "the central membership organisation for co-operative enterprise throughout the UK". It was founded in 1870 as the Co-operative Central Board, changing its name to the Co-operative Union before finally becoming Co-operatives UK following its merger with the Industrial Common Ownership Movement (ICOM) in 2001. Historically associated with consumer co-operatives, the merger broadened its scope to include worker co-operatives and it now exists to support and promote the values of the entire co-operative movement throughout the UK. During its history it has been responsible for the organisation of the Co-operative Congresses, the establishment of both Co-operative Commissions and the creation of the Co-operative College and the Co-operative Party.See references in relevant sections of article. The head office, Holyoake House in Manchester, is a Grade II listed building, and was built in 1911 in memory of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wales Co-operative Centre
Wales Co-operative Centre is a non-profit co-operative development agency in Wales. It is the largest co-operative development body in the UK, managing several major initiatives in Wales. It delivers a range of projects to promote social, financial inclusion, and digital inclusion. Its team of advisors work across the country, helping co-operatives, social enterprises, community groups and voluntary organisations. The Centre was originally an industrial and provident society, which in 2014 became a community benefit society. It is funded through the Welsh Government, Europe, some local authorities and some earned income. The Centre has over 80 staff members working across Wales at offices in Caerphilly, Bangor, Carmarthen and Swansea, including its head office in the Y Borth building. Its membership elect a management board, who appoint the executive committee. History 1980s The Centre was established in 1982 by the Wales TUC to provide business support to co-operati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scottish Enterprise
Scottish Enterprise () is a non-departmental public body of the Scottish Government which encourages economic development, Business, enterprise, innovation, international and investment agency, investment in business. The body covers the eastern and central belt, central parts of Scotland whilst similar bodies, Highlands and Islands Enterprise and South of Scotland Enterprise, operate in north-western and southern Scotland, respectively. History The body is a successor in part to the wide-ranging Scottish Development Agency which was established in 1975. The first Chairman of the SDA was Sir William Gray former Lord Provost of Glasgow. and the first Chief Executive was Dr, later Sir Lewis Robertson. The first year of its operation was 1977/78 with its functions described here in its first Annual Report 1978. Scottish Enterprise was created on 1 April 1991 under the Enterprise and New Towns (Scotland) Act 1990. That act dissolved the Scottish Development Agency (SDA), created in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
