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John Lewis Partnership plc Sustainability Review 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 rewards – profit, knowledge and power.”


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 Our Partners are able to influence their business at all levels of the Partnership through the democratic structure and the representative bodies which are defined in our Constitution.


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