The process building societies or other mutual organisations go through when they convert to banks and thus go from being owned by their members ( in a building society, the borrowers and savers) to being a public limited company owned by shareholders. There are pros and cons and the arguments rage on.
The process of changing a mutual or cooperative association into a public company by converting the interests of members into shareholdings, which can then be traded through a stock exchange.
The process of changing the legal structure of a company from a mutual form of ownership to a stock form of ownership: recently very common with building societies and insurance companies.
A process whereby a mutual organisation turns itself into a shareholder owned company. Members of the mutual organisation become the new shareholders.
The process that building societies (or other mutual organisations of a similar nature) go through before they become banks.
This is when a building society is converted from a mutual organisation (owned by it's members/customers) to a profit-making company, which distributes it's profit to it's shareholders.
The process whereby a mutual organisation owned by its members, such as a building society, converts to a public limited company owned by its shareholders.
When mutual companies or organisation s that are owned by their members become owned by a public company that is owned by its shareholders.
Demutualisation involves the conversion of a not-for-profit association owned by its members into a for-profit company owned by its shareholders.
Building societies and insurance companies have been demutualising like crazy over the last few years. It means that instead of being owned by their members and policyholders, a company decides to be listed publicly on the stock market. Anyone can then buy and sell its shares and benefit from the company's profits without necessarily owning any of its products. Although demutualisation has usually meant windfall share allocations to members and policyholders - worth several thousands of pounds in some cases - defenders of mutuality claim that public companies offer less competitive products because their first loyalty is to their shareholders rather than to their customers. Long-term statistics bear this out. But defenders of demutualisation argue that the discipline of the stock market makes companies more efficient and unlocks more value for members. So far the Nationwide, the UK's largest building society, has resisted the trend.
Turning a mutual insurance company into a proprietary company.
The process of converting from a Building Society to a Bank.
The sale of a mutual company by its members to a non-mutual company or to the stock market. Mutual companies, such as building societies, some life insurance companies and friendly societies, are those that are owned by their customers.
Where societies convert to PLC status.