Our manifesto is an open declaration of how we operate. As with any practical policy, it is constantly changing to accomodate real world challenges. To see a full history and incremental improvements check out our manifesto repository.
The manifesto is not designed to be universally applicable. It is designed to help a group of like-minded people work together and gain practical insights to organisational theory.
Purpose of this page: this page describes profits are invested into a Retirement fund. Partners earn shares in this fund each month. 5% of monthly profit is automatically invested into Exchange Traded Funds. Partners vest shares in this fund every month.
Exchange traded Funds
This 10% is split evenly between two Exchange traded fund:
- http://etfdb.com/etf/VOO/ (this is an Equities ETF which is chosen because its performance and 0.05% management fee)
- http://etfdb.com/etf/SCHD/ (this is an Dividends ETF which is chosen because its performance and 0.07% management fee)
The retirement funds are traded openly on the stock market, so Partners can always know what the value of their shareholding is.
Vesting by Partners
All partners are entitled to the Retirement Fund. Once a partner has passed their probation period (3 months) they immediately begin vesting a “share” in the fund. Vesting occurs in monthly cliffs. The number of shares that they vest each month depend on their tier
- Full Partner (weighting = 10)
- Senior Partner (weighting = 7)
- Junior Partner (weighting = 3)
If there are one of each partner (all starting at the same time), then after one year the ownership in the Retirement Fund would look like the following:
If we used the same scenario, but the
Use of these funds by Kade
Kade will not use these funds for business. The funds belong to the Partner
Buying and selling the shares by Partners
Since the ETF’s are traded publicly, any Partner can sell their shares at the market rate.
Leaving the company
There is no requirement to sell the shares in the fund when a Partner leaves.