The Nangu network is made up of a range of entities engaging in commercial activities in the space of regenerative farming and sustainable processing and distribution of farming produce. In broad terms, these economic entities are incorporated similarly to Nangu Soul with a democratic governance model and are employee owned. Its members mainly consist of worker-owners, founders and potential investors like Nangu Soul.
Incorporation example: multi-stakeholder cooperatives.
Economic entities are governed similarly to Nangu Soul though the exact model can be specified by entity to provide autonomy and efficiency in operating the business. Nangu Soul prescribes that all members be represented in a board which gets elected by an assembly or by representation of the entities stakeholder group. In addition, an oversight committee could be elected if the size of the enterprise warrants such a committee.
Entities in the Nangu network pay a yearly membership fee to Nangu Soul. This provides them with Nangus vision, values, governance blueprint, IT, HR and agricultural support as well as potential investment relationships. In return, members are represented at the Nangu Soul assembly and are entitled to one or more votes depending on the entity size and turnover.
Worker-owners: Worker owners are employees of the entity and perform activities in the context of the core competencies of the enterprise. To become a worker-owner, people have to work for the enterprise for X months. When a worker owner leaves the entity, it will buy back the shares according to a predetermined price per share.
Founders: The founders of an entity are members of the founders stakeholder group. When a founder leaves the entity, the organization can offer to buy back shares over a multi-year timeframe. As the entity is issuing new shares / points every year, founder shares will dilute over time. This will provide an incentive for the founder to eventually sell all shares back to the entity. it will buy back the shares according to a predetermined price per share.
Investors: Investors are represented in the investor stakeholder group. The investor stakeholder group can not own more than 30% of the cooperatives shares and its voting rights can not exceed X votes. Investors are incentivized to leave the cooperative by buyback programs in which initial surplus distribution needs to be allocated to loan repayments.
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