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What is mutuality?
The essential characteristic of a mutual [co-operative] business is that those who contribute to a common fund as part of a scheme for their mutual benefit must be the same persons as those who are entitled to participate in any surplus that arises from the operation of the scheme.
HM Revenue and Customs: http://www.hmrc.gov.uk/manuals/gimanual/gim9010.htm
Members contribute equitably to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their co-operative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership.
ICA, Third Cooperative Principle
Source: http://www.scottish.parliament.uk/s3/committees/eet/inquiries/banking/CooperationandMutualityScotland.pdf
All parts of the UK co-operative economy have grown in the last 5 years (health, housing, consumer retailing, banking, engineering) Current government expects 1 million workers to transfer to a cooperative in the next 5 years. Co-operative Group aiming to grow consumer membership from 6 to 20 million.
The Take
Documentary about the recovered company movement in South America (unavailable in the UK). Documents the expropriation of factories, schools, clinics and other enterprises by co-operative members who secure the right to manage organisations using the cooperative legal form. Symptomatic of a large scale changes affecting South America, particularly in Brazil and Venezuela where tens of thousands of cooperatives have been formed in the last decade. Also symptomatic of large scale growth of the co-operative form in Asia where tens of thousands of cooperatives have been formed.
http://topdocumentaryfilms.com/the-take/
Barcelona
Arsenal
Shareholders
Leadership
4 major shareholders own 87% 142,000 members (socios), one of voting shares. member, one vote.
President elected by members for No meaningful elections. Chair four-year term (maximum two of the Board decided by major terms). shareholders. 69 579 885 1,825
Source: http://www.mondragon-corporation.com/mcc_dotnetnuke/Portals/0/documentos/eng/management-model/mgc.swf
US Multinational Corporations
Capital owners typically managers and/or institutional investors (limited only by ability to pay). Special arrangements may exist in employee-owned / controlled corporations.
Leadership
Elections rare (if at all). CEO appointed by directors. Directors appointed/elected by shareholders. Rarely includes consumer, or worker, representatives. No leadership role for trade unions. Increased from 85:1 to 419:1 throughout the 1990s (highest to average employee).
Source: Wage Regulation, Source: Aslam (1999), US Labor Statistics. http://en.wikipedia.org/wiki/Mondragon_Corporati on, accessed 1st December 2010.
Equitable and inclusive forms of governance and management (one-person, one vote / elected leaders / delegated powers).
Decision-making processes that put people and the community before money-making (money as means, not ends). Prioritise self-help and mutuality, instead of charity. (charitable aims, but not charity thinking) Provide education and development opportunities for all members.