![]() The committee consists primarily of staff elected to serve in that role, giving staff a dominant voice in company guidance. A stewardship committee will guide the Trust in accordance with those principles. The Trust has a defined purpose, which will ensure that the company continues to operate for the benefit of its customers, the open source community, and its staff. Under the new ownership structure, the Trust will eventually become the sole shareholder of the company. “Common Trust has been invaluable in helping us to envision and establish our trust,” said White. expert in employee ownership exit planning, to design and execute the company's transition to an employee ownership trust. With an employee ownership trust, I was able to get exactly the result I wanted, with a much lower ongoing cost structure.”ĬodeWeavers worked with Common Trust, the leading U.S. laws, and our workforce is spread around the world. ![]() “I started looking at employee ownership models three years ago.” said CodeWeavers founder and CEO Jeremy White. CodeWeavers will become one of the first software companies in the U.S. ![]() The CodeWeavers Employee Ownership Trust will give employees a greater voice in the company's decision-making process and enable them to share in its profits.Įmployee ownership trust models are increasingly common in Europe but are still rare in the United States. SAINT PAUL, Minn (Wednesday, May 17, 2023) - CodeWeavers, the company behind the open source Wine project, is establishing an employee ownership trust that will hold a controlling stake in the company. ![]()
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