Some more information about Semco, which is an example of a parecon business:

Semco doesn’t have a traditional management hierarchy or typical organizational chart, or even a matrix or lattice management structure. The company is effectively made up of autonomous, democratically run units. The model of organization is that of concentric circles.

At the center are the Counselors, including Ricardo Semler. There are six of them and a different one takes the CEO job every six months. They deal with general policy and strategy, overall financial results, and work to inspire the Partners who make up the second circle.

Partners are six or seven leaders from each Semco division. Everyone else is an Associate. Some Associates also work as team leaders.

Semco has no receptionists, secretaries or any personal assistants. Associates set their own salaries which are publicly posted and worked into the budgets. All meetings are open to any Associate who wants to attend. Financial information is available to anyone who wants to see it and courses are available to help them understand what they see.

Semco’s units are limited to 150-200 people. That’s something of a magic number in sociological, management and anthropological studies. It’s the largest group that a human being can feel a part of and that can create a social context that affects behavior.