The majority of the UK population does not understand the reasons for an organisation choosing to convert from a mutual to a public company, research published by the Association of Mutual Insurers (AMI) claims.
It says seven out of ten people do not feel able to give a satisfactory explanation of the differences between a mutual organisation and a public company. Despite over half of those taking part in the research being familiar with the term ‘mutual’ in a business context, the Ami says the lack of understanding of the differences in structure and ownership between a mutual and a plc is widespread. People in Scotland appear to have the greatest understanding of the differences between the two types of organisation, but in reality only 35% feel able to provide a satisfactory explanation of t...
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