mutualization$51096$ - translation to ιταλικό
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mutualization$51096$ - translation to ιταλικό

PROCESS WHICH CHANGES A MUTUAL OR CO-OPERATIVE IN TO A JOINT-STOCK COMPANY
Demutualise; Demutualize; Demutualisation; Demutualised; Demutualized; De-mutualisation; De-mutualization; Demutalisation

mutualization      
n. mutualizzazione, corporazione
mutual company         
WHERE AS CUSTOMERS DERIVE A RIGHT TO PROFITS AND VOTES
Mutual Society; Mutual society; Mutual organisation; Mutual company; Mutuals; Mutual benefit association; Mutual corporation; Mutualization; Mutual guarantee society; Mutual organizations; Mutualisation; Mutual Holding Company; Mutual societies; Mutualist association
compagnia i cui guadagni vengono divisi tra i soci in base all"entità degli investimenti di ognuno
mutual society         
WHERE AS CUSTOMERS DERIVE A RIGHT TO PROFITS AND VOTES
Mutual Society; Mutual society; Mutual organisation; Mutual company; Mutuals; Mutual benefit association; Mutual corporation; Mutualization; Mutual guarantee society; Mutual organizations; Mutualisation; Mutual Holding Company; Mutual societies; Mutualist association
società cooperativa

Ορισμός

demutualise
If a building society or insurance company demutualises, it abandons its mutual status and becomes a limited company. (BRIT BUSINESS)
97 per cent of the group's members support its plans to demutualise.
V
demutualisation
Policyholders voted for demutualisation.
N-UNCOUNT

Βικιπαίδεια

Demutualization

Demutualization is the process by which a customer-owned mutual organization (mutual) or co-operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual usually receive a "windfall" payout, in the form of shares in the successor company, a cash payment, or a mixture of both. Mutualization or mutualisation is the opposite process, wherein a shareholder-owned company is converted into a mutual organization, typically through takeover by an existing mutual organization. Furthermore, re-mutualization depicts the process of aligning or refreshing the interest and objectives of the members of the mutual society.

The mutual traditionally raises capital from its customer members in order to provide services to them (for example building societies, where members' savings enable the provision of mortgages to members). It redistributes some profits to its members. By contrast, a joint stock company raises capital from its shareholders and other financial sources in order to provide services to its customers, with profits or assets distributed to equity or debt investors. In a mutual organization, therefore, the legal roles of customer and owner are united in one form ("members"), whereas in the joint stock company the roles are distinct. This allows a broader capital base if the customers cannot or will not provide sufficient financing to the organization. However, a joint stock company must also try to maximize the return for its owners instead of only maximizing the return and customer services to its customers. This can lead to a decline in customer service to the extent that customers', management's and shareholders' interests diverge.

A very early example of demutualization were the changes to the structure of the Union Insurance Society of Canton initiated by its secretary N.J. Ede between 1873 and 1882 leading to its re-registration as a limited company having originated as a mutual assurance society for traders in Canton in 1835.