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Q.What is co-partnership?

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2024Subjective· 2mImportance★★★★★
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Co-partnership makes employees part-owners who share profits and a say in management.

Under co-partnership, employees are given an opportunity to purchase shares of the company (often on easy terms) and thereby become part-owners. As shareholders they receive a share of profits (dividend) and may also have some voice in management. This financial and participative incentive develops a sense of belonging, reduces conflict between labour and management, and motivates employees to work for the …

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