Abstract
The cooperative model is known for its resilience and objective that prioritizes the common needs of their members, rather than returns for shareholders. The governance model follows a value-driven logic and a democratic structure, in that decision making is based on the “one person - one vote” principle. Under this umbrella, employee-owned businesses (EOBs) are organizations where the employees own and manage the company. Like other types of cooperatives, they arevalue driven, member owned, and democratically controlled organizations; principles that explain why EOBs have been economically sound and more resilient to crisis, such as Covid, compared to other types of organizations.
| Original language | English |
|---|---|
| Publication date | 10 Jul 2023 |
| Number of pages | 3 |
| Publication status | Published - 10 Jul 2023 |
| Event | ICA CCR GLOBAL AND EUROPEAN RESEARCH CONFERENCE: Innovating in cooperative governance Governing cooperative innovation - KU Leuven, Leuven, Belgium Duration: 10 Jul 2023 → 13 Jul 2023 https://ica.coop/en/events/ica-ccr-global-and-european-cooperative-research-conference-2023-leuven-belgium |
Conference
| Conference | ICA CCR GLOBAL AND EUROPEAN RESEARCH CONFERENCE |
|---|---|
| Location | KU Leuven |
| Country/Territory | Belgium |
| City | Leuven |
| Period | 10/07/2023 → 13/07/2023 |
| Internet address |
Keywords
- employee-owned businesses
- Cooperative
- cooperative governance
- digital era