Intangible Assets (Enterprises)

Privately controlled existing companies
- Board of directors appoints successors
- Board appoints on the basis of skill and capacity of appointee to continue to deliver success and develop the business further
- Some powers to protect reputation of Corporation are reserved for extreme situations – illegal behaviour of directors etc.
- CSoc appoints new Board if Board is lost
Purpose locked by the CSoc
- Changing purpose in constitution has to be agreed by CSoc
Asset locked through neutralisation of capital by CSoc
- Neutralisation prevents shares being traded
- Removes secondary market in shares
- Achieving purpose of enterprise is only motivation
- Management is set free from burden of shareholder value
- Management is for the long term, no market in company’s stock so no short-term pressure from stock market valuation

For Profit

In the founding phase the immature enterprise’s capital and profit goes to the founding entrepreneurs.
The enterprise matures with the ending of the founding phase when the founders are paid off.
- Founders are bought out for a fair valuation of the balance sheet including notional value of goodwill
- Founders may continue as Directors or may leave company having put in place a successor Board
- The enterprise itself buys out the founders, with its own cash reserves, or with CSoc Investment Fund cash, with non-voting redeemable preference shares, or with debt.
Mature enterprises distribute profit
- 1/3 to co-workers
- 1/3 to Investment Fund
- 1/3 to Development Fund

Directly supporting human beings
- Education
- Health
- The arts
A symbiotic relationship with the for-profit sector
- For-profit needs strong, capable, inspired human beings – which the not-for-profit sector helps provide
- Not-for-profit need gifted start-up funding and fair-provision may require ongoing financial sustainability funding
The Commons Society contains both for-profit and not-for-profit organisations in recognition of their fundamental symbiosis