Typical SOSO Business Framework
A state owned state operated business or SOSO business is a corporate enterprise with majority ownership by the government of the Pillow Fortress. SOSO businesses are for-profit firms which operate under conditions of market competition, both within the Principality and in foreign jurisdictions, wherever possible. Depending on their size, structure, and product, they may serve one or more of the following purposes:
- Providing low cost and subsidized goods to underserved communities within the Principality.
- Preventing the formation of monopolies and duopolies through competitive pressure.
- Increasing the quality and output of independent businesses through competitive pressure.
- Employing Pillowans who might not be able to find work.
- Generating government revenue.
- Providing services to the government that it would not otherwise contract out.
SOSO businesses are one of the most free of government entities, being able to, unless restricted by their founding charters or special injunction, act in almost any manner that an independent business might, being subject only to civilian Fortressian law. The main area of difference is in the sale of company stock, with SOSO businesses being restricted to selling no more than 49%. The Typical SOSO Business Framework represents the initial state of such a firm, from which it may deviate depending on need and circumstance.
Boards
X Board of Managers
The X Board of Managers provides oversight and accountability to the executive and higher staff of the SOSO business. A percentage of its membership equal to the government's stake will be appointed by the Department or other government organ that has authority over the SOSO business, the rest will be elected by a combination of its owners and employees.
Offices
Office of the X Chief Administrative Office
The Office of the X Chief Administrative Office is the organ responsible for overseeing the SOSO business's operations.
Office of the X Chief Compliance Officer
The Office of the X Chief Compliance Officer is the organ responsible for ensuring that the operations of the SOSO business do not harm the Pillow Fortress or its client states.
Office of the X Chief Executive Officer
The Office of the X Chief Executive Officer is the organ through which the SOSO business is run day-to-day. The position of chief executive officer is the highest in the SOSO business.
Office of the X Chief Financial Officer
The Office of the X Chief Financial Officer is the organ responsible for overseeing the SOSO business's finances and funds.
Office of the X Chief Human Resources Officer
The Office of the X Chief Human Resources Officer is the organ responsible for managing personnel and ensuring corporate compliance with any and all applicable anti-discrimination laws.
Office of the X SOSO Business Spox
The Office of the X SOSO Business Spox interfaces with the media on behalf of the SOSO business.