How is the role of steward-owner defined (besides ownership) and how does it relate to other roles in the company? What task and purpose does the role serve?
The role of the steward-owners
In principle, it is important to understand what responsibilities and duties the owners of steward-owned companies have to carry out (see also
In Germany, owners of companies with the legal form of a GmbH/UG typically decide on issues such as the approval of the annual financial statements and the allocation of profits, the appointment and dismissal of the management and amendments to the articles of association. Individuals who hold voting rights in a company should, therefore, be in a position and suitable to make these decisions.
It is also important to note that the decision-making culture at the management and cooperation levels is not directly related to the distribution of voting rights. Nevertheless, the choice of stewards in steward-owned companies should ideally reflect the existing culture in an indirect manner.