<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"><channel><title>Baltic Stewards — Articles</title><description>Steward ownership in the Baltics: explainers, Estonian law and tax, succession, cases and news.</description><link>https://balticstewards.org/</link><item><title>Patagonia: how a founder made the company unsellable</title><link>https://balticstewards.org/articles/patagonia-earth-is-the-shareholder/</link><guid isPermaLink="true">https://balticstewards.org/articles/patagonia-earth-is-the-shareholder/</guid><description>In 2022 Yvon Chouinard and his family moved all of Patagonia’s ownership into a purpose trust and a non-profit. What they did, why, and what Baltic owners can take from it.</description><pubDate>Thu, 15 Oct 2026 00:00:00 GMT</pubDate><category>Case studies</category></item><item><title>Introducing Baltic Stewards</title><link>https://balticstewards.org/articles/introducing-baltic-stewards/</link><guid isPermaLink="true">https://balticstewards.org/articles/introducing-baltic-stewards/</guid><description>Why we set up an Estonian foundation for steward ownership, what we will do first, and what we don’t know yet.</description><pubDate>Tue, 13 Oct 2026 00:00:00 GMT</pubDate><category>News</category></item><item><title>The golden share, explained</title><link>https://balticstewards.org/articles/the-golden-share-explained/</link><guid isPermaLink="true">https://balticstewards.org/articles/the-golden-share-explained/</guid><description>One share, held by an independent guardian, that can block exactly two things. Why it is the lock at the heart of most steward-owned companies.</description><pubDate>Fri, 09 Oct 2026 00:00:00 GMT</pubDate><category>Explainers</category></item><item><title>What a steward actually does</title><link>https://balticstewards.org/articles/what-a-steward-actually-does/</link><guid isPermaLink="true">https://balticstewards.org/articles/what-a-steward-actually-does/</guid><description>Stewards hold the votes in a steward-owned company but not its value. What that means on an ordinary Tuesday — and on the hard days.</description><pubDate>Tue, 06 Oct 2026 00:00:00 GMT</pubDate><category>Explainers</category></item><item><title>Five questions to ask before you sell your company</title><link>https://balticstewards.org/articles/five-questions-before-you-sell/</link><guid isPermaLink="true">https://balticstewards.org/articles/five-questions-before-you-sell/</guid><description>Selling may be the right answer. But owners who ask these questions first often discover options they didn’t know they had.</description><pubDate>Fri, 02 Oct 2026 00:00:00 GMT</pubDate><category>Succession</category></item><item><title>Only a quarter have a plan: succession in Baltic family businesses</title><link>https://balticstewards.org/articles/a-quarter-have-a-plan/</link><guid isPermaLink="true">https://balticstewards.org/articles/a-quarter-have-a-plan/</guid><description>A 2024 survey found that most Estonian family-business owners want to pass on their company, but few have a plan or a successor. Why that gap matters, and what fills it.</description><pubDate>Tue, 29 Sep 2026 00:00:00 GMT</pubDate><category>Succession</category></item><item><title>Steward ownership and employee ownership — what’s the difference?</title><link>https://balticstewards.org/articles/steward-vs-employee-ownership/</link><guid isPermaLink="true">https://balticstewards.org/articles/steward-vs-employee-ownership/</guid><description>They are often confused, and they can be combined. But they answer different questions about who controls a company and who owns its value.</description><pubDate>Fri, 25 Sep 2026 00:00:00 GMT</pubDate><category>Explainers</category></item><item><title>Patient capital for succession — a new asset class in the Baltics?</title><link>https://balticstewards.org/articles/patient-capital-for-succession/</link><guid isPermaLink="true">https://balticstewards.org/articles/patient-capital-for-succession/</guid><description>Retiring owners need to be paid; their successors cannot pay a strategic buyer’s price. A small but growing group of European investors bridges that gap — without buying control.</description><pubDate>Tue, 22 Sep 2026 00:00:00 GMT</pubDate><category>Investing</category></item><item><title>Why Estonia’s tax system suits companies that reinvest</title><link>https://balticstewards.org/articles/reinvesting-under-estonian-tax/</link><guid isPermaLink="true">https://balticstewards.org/articles/reinvesting-under-estonian-tax/</guid><description>Estonia taxes company profits when they are paid out, not when they are earned. For steward-owned companies, that is an unusually good fit.</description><pubDate>Fri, 18 Sep 2026 00:00:00 GMT</pubDate><category>Law &amp; tax</category></item><item><title>How to choose your stewards</title><link>https://balticstewards.org/articles/how-to-choose-your-stewards/</link><guid isPermaLink="true">https://balticstewards.org/articles/how-to-choose-your-stewards/</guid><description>The people who hold the votes matter more than any clause. What to look for, how to choose, and how to plan for the day someone leaves.</description><pubDate>Fri, 11 Sep 2026 00:00:00 GMT</pubDate><category>Succession</category></item><item><title>What investors give up — and what they get</title><link>https://balticstewards.org/articles/what-investors-give-up/</link><guid isPermaLink="true">https://balticstewards.org/articles/what-investors-give-up/</guid><description>Investing in a steward-owned company means trading two things most investors take for granted. In return, you get something rarer.</description><pubDate>Fri, 04 Sep 2026 00:00:00 GMT</pubDate><category>Investing</category></item></channel></rss>