private businesses receive the benefits and profits from a joint stock company.
private businesses receive the benefits and profits from a joint stock company.
who receives the benefits and profits from a joint stock company?
private businesses
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.
demutualization
in 1999, the company received iso 9001 certification. the "fablok" employees’ joint stock company (jsc) was formed and registered in 2001. after first purchasing of 60% of the controlling shares of bumar-fablok jsc by "fablok" - employees’ joint stock company from the 7th state investment fund (part of the privatization reforms) in 2003, the "bumar-fablok" joint stock company ownership was transferred to the fablok employees’ joint stock company.









































on april 3, 2009, the name of the company was changed to "pierwsza fabryka lokomotyw w polsce “fablok” s.a" (first factory of locomotives in poland “fablok” joint stock company).









































section::::references.
fablok