participate

participate par‧tic‧i‧pate [pɑːˈtɪspeɪt ǁ pɑːr-] verb [intransitive]

1. if someone participates in the management of a company, they help make important decisions, for example by being on the board of directors:

participate in

• Investors can participate in the management of the company they invest in, but must keep ownership at less than 50%.

2. HUMAN RESOURCES if employees of a company participate in its profits, they receive part of them:

participate in

• The workers have a stake in the corporation's success and they participate in its growth and profits.

3. FINANCE if investors who are members of mutual S (= financial institutions such as some insurance companies, without shareholders) participate in their profits, they receive a share of the profits in addition to the normal payments from their investments

— participation noun [uncountable] :

• Employee participation in corporate decisions helps reduce absenteeism.

• Members also benefit from their participation in the profits of the mutual company.

• the impact of worker participation schemes on enterprise performance

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participate UK US /pɑːˈtɪsɪpeɪt/ verb [I]

► to take part in an event or activity: participate in sth »

All staff are encouraged to participate in the project.

»

Several hotels are participating in the program.

► FINANCE to receive a share of the profits of a company: participate in sth »

All our employees participate in profits, when there are any.