FAQs

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FAQs 2017-05-09T15:31:54+00:00
Why would profitable businesses choose to come into this structure if they have to hand over 100% of their profits? 2017-05-09T15:32:19+00:00
  • 30% of the profit in a mature Commons Society goes back to the co-workers that made the profit. This straight-forward sharing of the bottom line removes the need for complex incentive schemes and creates a “domestic economy” in which all have a vested interest in increasing sales and reducing costs.
  • CEO’s no longer have to address short term shareholder returns but can focus all efforts on long term company success
  • It is a new way to retain the vision, coherence , employee capability & asset value of a business when owners decide to exit ( eg on retirement) rather than selling into the free market often only for their life’s work to be asset stripped
  • Money is not the only way of valuing any proposition. When a business is brought or bought into the Commons Society, company managers, employees, their families and communities get the full benefit every year of investment in their education, training, health, culture and food production creating wider community and personal wellbeing for all concerned. This continually expanding added value can be a factor in structuring a partial buy out or bespoke deals with insightful exiting owners.
Where will the investment come from? 2016-01-12T01:02:52+00:00
  • Organisations gifting themselves into the community context of the Commons Society
  • Crowdfunding
  • Philanthropy
  • Community investment bonds for land or farm purchase @ 1% returns
  • Social Impact Bonds to purchase companies @ 5% returns
  • Bespoke deals with existing owners to facilitate buy outs
  • Companies, even really big blue chip ones, deciding the time is right to restructure its shareholding to buy itself into the Commons Society over a period of time
Why would people invest in this for low or no return? 2017-05-09T15:32:18+00:00
  • For a saner world – a world in which prioritising the human makes sense
  • The existing economic model is broken. Many leaders of corporate and SME businesses not only recognise this but are looking for new ways forward. A Commons Society is a practical alternative that integrates the interests of all stakeholders with a systemic solution that reconnects enterprise and wealth creation with the common good.
  • In the face of potential future social and environmental breakdown, many business leaders are committed to a gradual evolutionary change that supports both enterprise and wellbeing for all rather than risking social disruption through business as usual. Incorporating a zone of enterprise within the free market based on the architecture of the Commons Society re-establishes legitimacy for both business and democracy.
  • This new network architecture incorporates businesses as engines of change to create a zone within the market that operates for the common good rather than extractive market mechanisms which feeds the accumulation of capital by a few and destabilises democracy
  • It comprises a practical mechanism for expanding wellbeing and civil society without the influence of governments, banks or shareholders
How is this different? 2016-01-12T01:05:11+00:00

a) Cooperatives? A coop is an organisation, whereas the Commons is an organisation of organisations. This means that the coop can’t spread its idea apart from growing – it can’t multiply. It also means that it isn’t rooted in a context that it supports and is capable of supporting it. Whilst coops are participative and community orientated they do not specificially favour meritocratic leadership on behalf of the common good and they may not recirculate profit into the community.

b) B Corps?Whilst they are legally bound to contribute some surplus to socially positive causes they still have shareholders and if they become really successful in the free market like traditional ventures they are subject to aggressive takeovers like any other company whereas a Commons Society cannot be bought as it is protected by the Commons. B Corps do not alter the ownership and cannot prevent new owners from changing their constitutions back to what they were.

c) A CIC? CIC’s are legally bound to contribute some surplus to socially positive causes, and cannot be sold, but a CIC has no systemic mechanisms for multiplication, for capturing new companies into the Commons or for distributing more than its own surplus into the community. In effect the Commons Society converts any normal limited company into a CIC, at less cost and with less administrative overhead.

d) Any other Social Enterprise? Individual social enterprises even when successful remain isolated oases in the dysfunctional landscape of the free market . The Commons Society provides a protected sub-zone in the economy where things are done better and it is easier to be truly human and planet centred.

e) What is its USP then? It is a systemic solution to the negative aspects of the market mechanism. It has the potential to alter the existing economic landscape by creating a sheltered zone within the market and through its mechanisms for distribution or expansion to be a model of a wellbeing economy rather than a model of an ethical enteprise. It integrates purpose within the market mechanism.

Who decides where and to whom surplus is distributed? 2017-05-09T15:32:18+00:00
  • The Commons Society Trust Fund annually receives 30% of surpluses from within the network as a whole and then redistributes this through a network of skilled charities dedicated to different aspects of our culture – education, health, conservation, arts etc.
  • The Commons Society Council is democratically elected by all members (co-workers of companies plus others that chose to join) and this Council has oversight of the Commons Society infrastructure. The Council sets the rules of the Commons and provides accountability oversight to the overall distribution of funds.
  • It operates on the principle of building trust through transparency.
What happens if the Investment Fund buys a company and it becomes unprofitable? Isn’t that a big risk? 2017-05-09T15:32:18+00:00
  • Some money may be lost but as a tree can lose a branch without dying so the Commons Society can withstand failure. When companies are part of a network if one company fails the impact is lessened for the community as a whole
  • A key component of the structure is that enterprises must be free – to succeed and to fail. The Commons Society is NOT a group structure where the Council is the ultimate authority. Each organisation is free to operate within the rules of the Commons Society – free to succeed through their brilliance and good fortune, and reciprocally, to fail because of their mistakes and bad luck.
  • But the network builds trust, supports collaboration, promotes goodwill – some would say these things all also generate good fortune!
  • All organisations face hard times – times when learning is rich – and the Commons Society is an additional potential funder, its economic funds taking the role of banker to the system – a banker that is truly invested in the success of its clients and its community!
Does a fully functioning Commons Corporation already exist yet? 2015-12-08T23:06:20+00:00
  • Yes & no. The structure exists and is investment ready for mature companies to be brought into the structure to drive the surplus distribution and investment mechanisms .
  • A variety of organusatuons exist within the structure already including a 200 acre farm, a business park (both owned within a community benefit society), a trading company that is a small social enterprise and a health related charity.
If the Elysia Commons is successful does it just continue growing for ever buying more and more companies into the network? 2015-12-08T23:07:03+00:00
  • Yes and no. It continues expanding until it becomes apparent that it needs to split like a cell into two or more similar structures
Can existing enterprises join & how do they go about that? 2015-12-08T23:08:00+00:00
  • Yes
  • Individuals and organisations that wish to join can contact us here
What will be your first investment objectives? 2015-12-08T23:08:41+00:00
  • Our first investment objective is to fund the creation of the legal structure needed to tie everything together.
  • That will lead to a national promotional tour to launch our full scale fundraising.
Why is the social impact of a Commons Society greater than other forms of social impact investment? 2016-01-12T01:08:13+00:00
  • It creates a sheltered zone within the free market that perpetually invests in the human and natural commons
  • It is a systemic intervention in the market that develops a perpetual expanding investment fund that communities can focus towards their own best interests and changes the landscape in which business operates
  • It creates a new legitimacy for business
  • It makes the intrinsic but utterly hidden meaningful nature of work overt
  • It is holistic – truly encompassing our myriad concerns and activities – weaving them into a social fabric that will better support us all.
Can a Commons Society only work in a particular geographical locality or can it be national or international? 2016-01-12T01:08:45+00:00
  • Some Commons Society may be focused around one geographical community. Others may be regional or national. Others still may be international.
  • Some may have all of these aspects within a single network but take a particular moral or values based position.
How are you legally constituted. Are you investment ready and fully constituted to handle all the envisaged aspects of governance that will be required? 2016-01-12T01:09:45+00:00

The Elysia Commons Society is a company limited by guarantee.  We are preparing the constitution and application to become a charity.

Why have you called the first Commons Society the Elysia Commons Society? 2016-01-12T01:10:09+00:00
  • The name came by a circuitous route but was chosen as it resonated with the feelings we had for it and, of course, with the feelings that come from listening to Schiller’s Ode to Joy set by Beethoven in his 9th symphony. In it he references Joy, the daughter of Elysium – an ancient Greek reference meaning joy is born of the gods… Gods or not, our deepest longing is to bring a good dose of joy and wellbeing to the world!