A specific form of co-management with potential application for certain types of fisheries is “contractual co-management." The Alaska CDQ program has been viewed as having the potential of evolving into "contractual shared governance" (Townsend and Pooley, 1995). Contractual co-management, also termed "corporate management" (Townsend, 1997), is based on shared ownership between government and a fishing community or group. A set of rights and obligations is delegated by the government for a specified period to a local fisheries management organization. The government plays a major role in determining the terms of the contract, but during the contractual period the participating organization acts as a "sole owner," taking responsibility for management. Under this arrangement the pool of potential shareholders is larger than those fishing, which distributes the benefits of fishery participation to a wider group of stakeholders (Rieser, 1997b). Used in conjunction with an IFQ program, this arrangement has the potential to address some of the distributional consequences of initial allocations. Alternatively, it may be designed to keep fishing quotas in the ownership of groups rather than individuals.

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