Steward User Ownership Plan

Ooooby is committed to a steward ownership model where the users of the platform have an option to be stewards along with the team who build and manage the platform. We have not yet formalised the steward-ownership structure and legalities, but we have made a pledge to adopt a steward-ownership or user-ownership model in the near future. 

Below is a description of steward-ownership
by Purpose Foundation

Steward-ownership is an alternative to conventional ownership that permanently secures a company’s mission and independence. Steward-ownership commits to two key principles:

1. Profits serve purpose and 2. Self-governance.

These principles will enable Ooooby to remain independent, purpose-driven, and values-led over the long-term.

— Profits serve purpose —

For steward-owned companies, profits are a means to an end, not an end in and of themselves. All the profits generated by the company are either reinvested in the business, used to repay investors, shared with stakeholders, or donated to charity.

— Self governance —

For-profit businesses are often beholden to the interests of shareholders who aren’t involved in the operation or management of the business. Steward ownership structures keep control with the people who are actively engaged in or connected to the business. Voting shares can only be held by stewards, i.e., people in or close the business, and the business itself can never be sold.