jäsenomisteisuus

Jäsenomisteisuus, often translated as member ownership or member-based ownership, refers to a business model where the stakeholders are the members themselves, rather than external shareholders. This structure is common in cooperatives, credit unions, and some types of mutual organizations. In a member-owned entity, the members are typically the users, customers, or employees of the organization, and they have a vested interest in its success and operation.

The primary characteristic of jäsenomisteisuus is that control and benefits are distributed among the members. Members usually have voting rights, allowing them to participate in decision-making processes and elect a board of directors. Profits generated by the organization are often reinvested into the business or distributed back to the members in proportion to their usage or contribution, rather than being paid out as dividends to outside investors.

This model prioritizes the needs and interests of the members over maximizing profits for external shareholders. It aims to foster a sense of community, shared responsibility, and long-term sustainability. The values associated with jäsenomisteisuus often include democracy, equity, and solidarity. Examples of member-owned businesses are found across various sectors, including agriculture, retail, housing, and financial services, demonstrating its adaptability and enduring appeal as an alternative to traditional corporate structures.