... Limited. As a result, NRMA Association remained a mutual still using the NRMA name, while NRMA Insurance became a listed company, using the NRMA trademark. Thus NRMA Insurance Limited is now listed on the Australian Stock Exchange. While the demutualisation of NRMA was in the short term of financial benefits to members, the cost to society has exceeded this windfall profit. There are many arguments for and against this topic of demutualisation, which will be addressed in regards to the social and ethical responsibilities within the NRMA group. Although the question to ask is whether NRMA should remain a mutual run by its members or a company owned by shareholders. Comparing a mutual with a shareholder-owned company, there are many advantages and disadvantages that should be considered. Firstly, what is the meaning of a mutual? A mutual is an enterprise owned by its members, providing a variety of services to the ...

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