The following section will elaborate in more detail about the inner workings of Nangu Soul. It will cover its governance model, key activities, stakeholder groups and surplus distribution mechanisms.
Nangu Soul is governed by its members. Each member entity is entitled to one or more votes within Nangu Soul’s governance structure. Voting proportions depend on entity member size and turnover. Members come together at a regular meeting, called the General Assembly. In this meeting, everybody is invited to vote on topics concerning Nangu Soul. In addition, the general assembly elects the Board of Directors and oversight committee.
Nangu Soul will perform certain key commercial activities to support its members. This includes investing and founding of new entities, IT, HR and legal support, education/learning and distribution of knowledge within the Nangu network. Eventually it can be decided to move these activities into separate subsidiaries or independent entities within the network.
Nangu Soul will initially play a key role in founding new entities in the network. For this it provides funding and the social franchise agreements. When Nangu Soul is (partial) founder of a new entity, it becomes an investor stakeholder with a maximum ownership of 30%.
Nangu soul employs people to conduct these activities. Their voice should be represented directly or indirectly through a stakeholder group.
Cooperative example: worker-owner stakeholder.
Nangu Soul has the following stakeholder groups: Nangu Soul Founders, Nangu Soul Worker-Owners and the Representatives of the Networks Entities. In addition, stakeholder groups can be formed around key activities such as IT, HR or legal support.
Surplus distribution within Nangu Soul is done according to the following schedule: X% go into the Nangu Fund, X% into community development, X% to the founders stakeholder group. Optionally the percentage of founder-share distribution can be lowered over time or capped at an absolute, inflationary corrected price. Worker owners within Nangu Soul get the average surplus distribution percentage of all worker-owners within the network. This, so that working within Nangu Soul does not create a more attractive environment than working in other commercial entities. The percentage is calculated based on the following principles: