Company Operating Principles

The following eight Membership Principals lie at the core of Audigy Group’s business design. By translating these principals into an operating, financial and legal framework, Audigy Group enables 250 independent businesses to act as a cohesive group while preserving their independence.

1. Shared Ownership
   Audigy Group issues equity on a highly selective basis to: 1) align individual Member’s interests; and 2) guarantee that individual Members prosper when the group prospers. Co-ownership carries distinct privileges and responsibilities as outlined in the Audigy Group LLC agreement.
2. Exclusive Market Access
   As co-owners of Audigy Group, Members combine their collective purchasing power under a Strategic Sourcing Model to gain exclusive access to a broad range of private labeled products and services.
3. Transparent Communication and Coordination
   Audigy Group’s communication process and infrastructure supports:
   • On-going interaction between Members, Audigy Group staff and Management
   • Appropriate responsiveness at all levels of the organization
   • Rapid execution of Group decisions
4. Targeted Reinvestment
   Audigy Group reinvests a substantial portion of its revenues, alone and with strategic partners, in focused programs designed to improve the economic performance of each individual business, Audigy Group and strategic partners.
5. Peer-to-Peer Leadership and Best-in-Class Practices
   Member/Owners share responsibility for Audigy Group’s long-term development through shared best practices specific to a local market area and peer-to-peer mentorship.
6. Group Business Discipline
   Audigy Group Management is ultimately responsible for making Group-wide business decisions that are in the best interest of Audigy Group as a whole. The expectation of the Group is that Members support decisions made by management within its acknowledged scope of responsibility and authority.
7. Mutual Accountability
   Members and Management share information necessary to maximize the performance of Audigy Group and the Members’ individual businesses and verify compliance with the Group’s governing agreements. Management does not share information about Members’ individual businesses with any outside party without prior consent.
8. No Contractual Lockdowns
   Co-ownership is an ongoing choice made freely by each owner who accepts an equity interest in Audigy Group and the terms and conditions that are attached to that interest. Member/Owners who determine that Audigy Group no longer meets their needs may relinquish their position at any given time and without penalty.