FIVE:
Chapter 5 explores the design elements in sustainable ownership: corporate purpose, power and profit. It introduces elements operating in social economy organizations but also those that operate in the wider economy. In the social economy, these encompass community interest companies, cooperative or community benefit societies and companies limited by guarantee operating under a non-distribution constraint. Those in the wider economy include purpose-driven firms that distribute profits, including certified B Corps or firms incorporated (outside the UK) as a benefit corporation. The chapter considers stakeholder co-determination and mutual and employee-owned firms as well as companies in foundation ownership. It provides no comprehensive survey but addresses what these forms of sustainable corporate ownership might be able to offer to improve public service outsourcing and reduce existing problems and failures.
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