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John Lewis Partnership plc Annual Report and Accounts 2014


OUR PARTNERSHIP MODEL


Uniting our Partners through a shared vision and values, our Constitution is the cornerstone of our Partnership.


Our founder, John Spedan Lewis, envisioned a great commercial enterprise whose success would be measured by the people working in it. His vision was enshrined in a written Constitution in 1929. This Constitution is still at the heart of our Partnership today. The Constitution’s Principle 1 sums up what our Partnership stands for:


“ The Partnership’s ultimate purpose is the happiness of all its members, through their worthwhile and satisfying employment in a successful business. Because the Partnership is owned in trust for its members, they share the responsibilities of ownership as well as its 


DID YOU KNOW?


Today, the John Lewis Partnership is the largest employee-owned business in the UK. Our Partnership model is admired across both the private and public sectors. Co-ownership gives us a distinctive culture – and a competitive advantage.


PARTNERS ARE CONNECTED BY OUR SHARED VISION AND VALUES


Profit


Profit Our success relies on the collaboration and contribution of our Partners, who receive a share of profits in the form of Partnership Bonus.


Knowledge We provide our Partners with the knowledge they need to carry out their responsibilities effectively as co-owners of the Partnership.


91,000 Partners Knowledge Power


Power  business at all levels of the Partnership through the democratic structure and the  our Constitution.


See page 51 for more details.


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