|
What is a worker cooperative? |
|
|
|
A worker cooperative is an alternative for-profit structure based
upon standard democratic principles. It is not designed to maximize
profits, nor returns to investors, but rather to bring to the workplace
many of the rights and responsibilities that we hold as citizens in our
communities. These principles include one-person/one-vote equality;
open access to information (i.e., open-book management); free speech;
and the equitable distribution of resources (such as income.)
A worker co-op is not owned by outside shareholders or a small group of
founders or partners but by all the employees in equal portions. Top
level managers and entry-level employees alike own an identical share
and receive an equal share of any profits or losses. These
"worker-owners" both elect the Board of Directors and fill six of the
nine Board seats. The Board in turn is responsible for hiring and
supervising management. Consequently a circle is formed, as in American
civic democracy, of everyone being accountable to someone else.
The
delegation of responsibilities is very much like that of conventional
firms - which allows for efficiency - except that at Equal Exchange
those at the "bottom" of the organizational chart are, as owners, also
at the "top" of the same chart.
See the Worker Owned page for more information about Equal Exchange's model.
|