The 3 Virtuous Circles – Managing Surplus for Community Benefit
Sharing surplus in the right way creates three transformative cycles of motivation, investment and capability
- When enterprise’s directors issue surplus profit:
- They get a share because they are co-workers
- All co-workers get a share
- The investment and development funds receive income
- Directors salaries and bonuses are agreed with Civil Ecology Corporation (CEC)
- If Directors want a bonus they have to issue surplus profit
- Controlling Directors pay sets limits on all pay
- Sharing profit makes profitability everyone’s concern
- Co-workers motivated to manage costs – as if it was their own money
- Co-workers motivated to drive sales as they will benefit
- Profit share bonus received through CEC
- Makes the CEC relevant to everyone
- Provides a hook to join and be interested
- Funding the democratic governance of CEC
- Enterprise performance is transparently available to co-workers via CEC website.
- A separate enterprise founded and controlled by Civil Ecology Corporation (CEC)
- Performance managed
- Funded by
- Profit from mature CEC enterprises
- Social investment grants
- Selling social investment bonds
- Funding
- Start-ups in the CEC
- Buying enterprises into the CEC
- Providing loans to enterprises in the CEC
- With the purpose of expanding the commercial enterprise of the CEC
- With the intention of providing ethical investment banking service
- Funding training, research and consultancy
- In collaboration with the Civil Society Forum (CSF)
- The CSF Forum provides opportunity for research, spaces to think, places to meet and seek collaborators, peer-group support.
- The CSF College provides co-worker training in the Civil Ecology Corporation (CEC), ethical business training, leadership training
- The CSF Agency provides Commons based business consultancy across a broad range of needs: business transformation, crisis management, sales development, and so on
- Sharing information
- Internal and external websites explaining and promoting
- Sharing and explaining financial information
- Funding the Cultural Realm
- Education, health and the arts
- All provide development opportunities and spiritual nourishment for human beings
- All require funding to be ensure they are accessible
- Growing the capacity of the CEC to grow
- Supporting co-workers to do a better job
- Developing the skill, capacity and capability of co-workers.
Surplus profit drives development
Profit shared with co-workers is “feeling” money, invested is “will money” and supporting development of capability is “thinking money”.