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Cooperatives – An Alternative to Capitalism? The Case of the John Lewis Partnership

Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance

ISBN: 978-1-78560-980-0, eISBN: 978-1-78560-979-4

ISSN: 2043-9059

Publication date: 2 September 2016

Abstract

Originality/value

By examining the cooperative elements of the John Lewis structures of ownership and governance, we illuminate a number of issues faced in realizing the principles ascribed to employee-owned cooperatives – notably, with regard to ‘democratic member control’, ‘member economic participation’ and ‘autonomy and independence’.

Keywords

Acknowledgements

Acknowledgments

Many thanks to Abby Cathcart, Peter Cox, Richard MacVie, Ewan McGaughey and Peter Smith (Partner Constantin) as well as to participants in the ‘Cooperatives’ UMASS-Boston CMS Paper Development Workshop held in August 2012, for their very useful help and comments in the preparation of this article. All errors remain ours.

Citation

Paranque, B. and Willmott, H. (2016), "Cooperatives – An Alternative to Capitalism? The Case of the John Lewis Partnership ", Finance Reconsidered: New Perspectives for a Responsible and Sustainable Finance (Critical Studies on Corporate Responsibility, Governance and Sustainability, Vol. 10), Emerald Group Publishing Limited, Bingley, pp. 263-296. https://doi.org/10.1108/S2043-905920160000010031

Publisher

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Emerald Group Publishing Limited

Copyright © 2016 Emerald Group Publishing Limited