Joint - stock cooperative enterprises
Joint-stock cooperative enterprises are established according to law, corporate employees co-financing, joint labor, democratic management, distribution according to work and dividends based on the combination of corporate legal person. It is a typical of the human nature and both qualified enterprises. Among them, labor cooperation is the foundation. The enterprise has ownership of the property used for its management. The highest authority of the enterprise is the employee general meeting, to vote by one person and one vote. The enterprise shall bear the responsibility for its debts with all its assets, and the investor of the enterprise shall bear the responsibility for the enterprise with the capital contribution. The shareholding structure of a joint-stock cooperative enterprise usually includes two individual employees and individual collective shares. Employee individual shares are formed by individual employees' voluntary investment. The collective shares of workers are formed by discounting shares of collective property or investing in enterprises. ...