From Longman Business Dictionary
participatepar·tic·i·pate /pɑːˈtɪsəpeɪtpɑːr-/ verb [intransitiveI]1if someone participates in the management of a company, they help make important decisions, for example by being on the BOARD OF DIRECTORSparticipate inInvestors can participate in the management of the company they invest in, but must keep ownership at less than 50%.
2HUMAN RESOURCES if employees of a company participate in its profits, they receive part of themparticipate inThe workers have a stake in the corporation’s success and they participate in its growth and profits.
—participation noun [uncountableU]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