Empowering Workers through Ownership Models and Democratic Practices - Part 2

The Mindful Marketplace with Joel Skene

Unlock the secrets to transforming your business into an employee-owned powerhouse as we sit down with experts Mark Hand and Jenny Everett from the Research Cluster on Employee Ownership and Workplace Democracy. Discover a new world of business models including employee stock options, ESOPs, and worker cooperatives, enriched with real-life examples like Brookshire's, Bob's Red Mill, and Black Star Co-op. We also shine a spotlight on the cutting-edge concept of purpose trust ownership, showcasing how companies like ACP International and Patagonia use these trusts to benefit both employees and the planet. Learn how Organically Grown Company successfully balances profit with stakeholder benefits through its purpose trust framework.
In the latter half of our conversation, we explore how democratic practices in the workplace can revolutionize corporate governance and community organizations alike. With insights from Mark Hand’s teaching experiences at the University of Texas at Arlington, we draw compelling parallels between political democracy and corporate policy, emphasizing the power of transparency and employee involvement. From full worker-owned cooperatives to incremental democratic practices like employee representation on boards, we cover a spectrum of approaches to foster a more inclusive and participatory business environment. Don’t miss our discussion on the Kensington Corridor Trust and how perpetual purpose trusts can reshape community-focused real estate initiatives. This episode is a comprehensive guide to innovative ownership models that promise to leave a lasting legacy for businesses and communities.
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1. Exploring Employee Ownership and Trusts (00:00:00)

2. Exploring Democratic Workplace Practices (00:13:24)