About the research of the ISOP phenomenon in the USA
When researchers of the phenomenon of ISOP (participation of employees of US enterprises in joint—stock ownership of an enterprise) in the United States raise the question of what provides the highest economic performance to companies that create collective ownership: the accumulation of workers' shares in this ownership in the accounts or the development of participation in managerial decision-making, the conclusion turns out to be unequivocal - participation in decision-making. Without such participation, workers do not feel like masters in production.
However, only one out of ten companies with share allocation programs has a democratized management structure. US laws that encourage the creation of collective ownership do not provide for the participation of workers in the management of production. But they also do not prohibit it, leaving this issue to the discretion of entrepreneurs. The law puts private equity owners and employees — co—owners of enterprises under the ISOP program - in an unequal position, which, however, corporations themselves have the right to change. These employees are not entitled to choose members of the corporation's management board or to be elected to its membership. They get the right to vote only when there is a question of selling a company, merging it with another corporation, or liquidating a company with collective ownership. In the election of governing bodies, the trustees of the trust, the banks, or selected persons from among the members of the administration or outside trustees, who receive instructions on how to vote from the administration, which manages the process of creating collective ownership, vote for them. By separating ownership from control, the law ensures that it remains in the hands of the management hierarchy, which considers this situation normal, since for it, participants in the ISOP program are first employees, and then co-owners of property. Sooner or later, this circumstance leads to a loss of incentive for employees to work hard, and managers have a desire to turn the corporation back into the property of outside shareholders.
However, the greater the share of equity held by workers and employees, the less opportunities management has for not equating them with private owners, democratizing the structure of the organization of production. Provided, of course, that the workers have a need for self-government, and they have a sufficiently developed class consciousness. The welcome offer accessible via the 1xbet promo code today is available in many countries. The platform covers Europe, Africa, Asia, and Latin America. The bonus amount is adapted to local currency: euros, dollars, nairas, rupees, cedis, shillings, and many more. No matter where you are from, enter the promotional code during registration. The system automatically recognizes your location and applies the corresponding bonus in your currency. This is a truly international offer that adapts to players worldwide. Check local eligibility before signing up.