Jäsenomistajuus

Jäsenomistajuus, meaning member ownership in Finnish, refers to a business model where the customers or users of a company are also its owners. This structure is common in cooperative enterprises, such as credit unions, agricultural cooperatives, and housing cooperatives. In a member-owned organization, each member typically holds at least one share, granting them voting rights and a say in the company's governance, often on a one-member, one-vote principle, regardless of their capital contribution.

The primary goal of member ownership is to serve the interests of its members rather than maximizing profits for external shareholders. Profits generated by the cooperative are often reinvested in the business, distributed back to members as dividends or patronage refunds, or used to improve services. This alignment of interests can lead to greater member loyalty and a stronger sense of community around the organization.

Key characteristics of jäsenomistajuus include democratic control, where members participate in decision-making processes, and a focus on providing goods or services to members at fair prices or with added benefits. The capital for these organizations often comes from member contributions, loans, or retained earnings. Member ownership fosters a different ethical framework compared to traditional corporations, emphasizing mutual benefit and collective well-being.