Mondragon is jointly owned by its academic and administrative staff. No one may earn more than three times the salary of the lowest-paid worker.
At a time when many academics feel remote from their university’s managers and strategic plans, the cooperative model, in which all staff have a stake, has obvious appeal. So, can the University of Mondragon, an established higher education cooperative in the lush green mountains of the Basque Country in northern Spain, offer any answers for academies elsewhere? Founded in 1997 from a collection of co-ops dating back to 1943, the institution now has 9,000 students. The staff have joint ownership and the institution’s culture and its model of governance are radically different from those of modern UK universities.
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