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

Enterprise is set free from shareholder interests to make profit through serving purpose

For Profit

Profit becomes a positive economic and social force

  • 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

Not For Profit

  • 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

Not-for-profit builds human capacity and capability


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