The second is a demutualization of a mutual organization or cooperative to form a joint stock company.
In this way the mutual organization becomes a corporation, with shares that are listed on a stock exchange.
A building society is a financial institution owned by its members as a mutual organization.
In other countries there are mutual organisations similar to building societies:
The friendly societies are non-profit mutual organisations owned by their members.
It was a mutual organisation, jointly owned by those saving and borrowing.
Depending on the structure, it may be a collective or mutual organization, which is operated according to the principles of cooperative governance.
To use this word in a proposed name the company should normally be a mutual organisation such as an industrial and provident society.
The Co-op - which as a mutual organisation does not have shareholders - has 1.5 million current account customers.
Already, around 45,000 people deliver public services through mutual organisations.
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