Abstract and Keywords
The chapter reviews the development of new forms of employee ownership in Britain since the 1980s. It compares trust-based and direct forms of ownership, as well as hybrids of the two, drawing attention to the perceived benefits of each. The chapter then considers the influences on the development of these forms of ownership. It highlights the role of political factors within a broader context of economic change. Finally, drawing on a research project currently under way, it discerns four main circumstances in which employee ownership is created, such as privatization and business succession. It is noted that those involved in ownership conversions varies by these circumstances. This in turn reflects on the forms of ownership and governance adopted.
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