Ownership structure is a key component of how responsible and impact businesses can reflect their values of equity, equality, and justice in terms of democratizing power, leadership, decision-making, and profit-sharing. After nearly 40 years, socially responsible investment advisor Natural Investments PBLLC became the first company in finance to change its ownership model from a partnership with individual owners to a Perpetual Purpose Trust. In this presentation, Natural Investments Trust Stewards Nicole Middleton Holloway and Michael Kramer share how trust ownership allowed the firm to preserve its long-held values, unique culture, and organizational autonomy while creating an equitable profit-sharing mechanism and a leadership path for people of color, women, and the next generation.
The Perpetual Purpose Trust: A Just and Innovative Ownership Model for Impact Businesses
Track
DEI, Ownership and Impact
Format
Fireside chat (2 speakers)
Speakers
- NameNicole Middleton Holloway
- TitleFinancial Advisor & Trust Steward
- OrganizationStrategy Squad & Natural Investments
- NameMichael Kramer
- TitleManager & Trust Steward
- OrganizationNatural Investments
Description
Ownership structure is a key component of how responsible and impact businesses can reflect their values of equity, equality, and justice in terms of democratizing power, leadership, decision-making, and profit-sharing. After nearly 40 years, socially responsible investment advisor Natural Investments PBLLC became the first company in finance to change its ownership model from a partnership with individual owners to a Perpetual Purpose Trust. In this presentation, Natural Investments Trust Stewards Nicole Middleton Holloway and Michael Kramer share how trust ownership allowed the firm to preserve its long-held values, unique culture, and organizational autonomy while creating an equitable profit-sharing mechanism and a leadership path for people of color, women, and the next generation.
