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Managers Icon
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File formats: ICO, GIF, PNG, BMP
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The right of reception of residual profits, and group with opposite interests
Acquires a right to choose managers, it will be voluntary approved by the first group.
Till now this communication between the right to reception of residual profit and the right
Selection of managers it was underlined insufficiently simply because traditionally
Both rights were perceived as components of the uniform property right, and at
It it was not realised that sources of both rights have essentially different sources
In terms of an agreement between participants of the enterprise. It is necessary to add that at
Socialism the right to residual profit and the right to nominate managers so
Are unseparable, as well as under capitalism. In the Soviet version of a socialism both rights
Belong to the state. In the Yugoslavian variant the state receives
The fixed income for funds provision and the equipment, and both rights
Belong to employees.
As a whole there are six patterns of ownership and five possible types
The co-operative societies, differing themes that the property right can belong
To managing directors, investors, the suppliers serving, to consumers or the state.
Unique distinctive feature of the co-operative societies belonging to investors,
Consists in that here the stake in ownership is freely alienated, and
Everybody can be the buyer of this share: the manager serving, the consumer
Or the supplier of the enterprise. However co-operative societies of other types can receive
The capital by means of bonds or other forms of the fixed credit
Obligations, including even preference shares, dividends on which
Are paid before payment of any dividends to group of proprietors. Such
Access to the capital, for the reasons discussed in chapter 7 to get of advantage from
The residual income of the enterprise. It is necessary to mean more thin only
The moment that costs on the capital consisting of promissory notes (the right on
The fixed income) and usual shares (the right to the residual income) is less, than
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