In addition to giving employees a stake in the businesses they work for, worker cooperatives give them ownership of the company as well as the freedom to divide profits however they see fit.
Our co-op is owned by individual members and other co-ops, not by large investors, and our members have a say in how we are run. Profits allow a co-op to support its local community by providing members with money, incentives, and other benefits.
A co-operative’s constitution may provide additional distribution to members on capital at winding up if there is a surplus, but they are not tradeable on a stock exchange. However, there is scope to transfer shares to another member at a premium22 where the membership of the co-operative is limited.
A co-operative cannot issue shares to anyone or allow the transfer of existing shares to anyone unless that person also agrees to become a member, including committing to any active membership obligations. Only members can receive shares.
Who Owns Co-op UK?
Millions of individual members and Independent Co-operative societies jointly own the Co-operative Group, which incorporates member feedback into its business and social and campaigning operations.
Do Cooperatives Sell Stocks?
The co-operative redeems the member’s shares at their nominal or purchase value when the member stops using the co-operative’s services, but there is no market for the member’s shares and they cannot be sold at a higher price.
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