Fidan Ana Kurtulus, economics, spoke in favor of broad-based employee ownership of firms and cooperatives and how governments can enact policies to encourage the adoption and prevalence of employee ownership and cooperatives at the United Nations General Assembly (UNGA) on Thursday, Oct. 24. Kurtulus was part of an expert panel held by the UNGA Economic and Financial Committee (Second Committee) to understand emerging models of economic activities and their implications for sustainable development. The Committee aims to identify policy options for maximizing the benefits of emerging economic activities and minimizing their risks.
Her research has shown that co-operative firms (with broad-based employee ownership) are more resilient in economic recessions and linked to greater job security. They are also more environmentally conscious and better at retaining workers.
Read the full release from the UMass-Amherst Press Office here.