In this DLD24 talk by Armin Steuernagel you’ll hear about the concept of “steward ownership”, a new way of allocating power and money in companies, that is based on two core principles: self-determination and purpose.
Traditional corporate forms date back to the 1800s and give control to those who provide capital, rather than those committed to the company’s purpose, Steuernagel points out.
But there are companies, like Bosch, Zeiss and Patagonia, that split voting rights from economic rights to put control in the hands of value-aligned stewards rather than highest bidders.
Steward-owned companies aim to ensure self-governance by those committed to the company and its purpose, not just profit maximization, Steuernagel explains.
Watch the video to find out why this increases the long-term survival rates of such companies, and how Steuernagel’s NGO helps corporations transition to the steward ownership model.
