Difference between revisions of "Company Objects"

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The '''Company Objects''' are defined in Clause 5.  By default these are:
 
The '''Company Objects''' are defined in Clause 5.  By default these are:
  
* to engage in commerce that spreads wealth and power to primary stakeholders;
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* to engage in commerce that spreads wealth and power to primary stakeholders (producers, employees, customers and service users);
 
* to pursue trading activities that are economically, socially and environmentally sustainable;
 
* to pursue trading activities that are economically, socially and environmentally sustainable;
 
* to promote the development of social entrepreneurship;
 
* to promote the development of social entrepreneurship;

Revision as of 11:34, 8 February 2014

The Company Objects are defined in Clause 5. By default these are:

  • to engage in commerce that spreads wealth and power to primary stakeholders (producers, employees, customers and service users);
  • to pursue trading activities that are economically, socially and environmentally sustainable;
  • to promote the development of social entrepreneurship;
  • to advance Co-operative Values and Principles that encourage, develop and promote enterprises that support human relationships and democratic governance;
  • to abide by the internationally recognised values and principles of co-operative identity as defined by the International Cooperative Alliance, in particular the values of self-help, self-responsibility, democracy, equality and solidarity and the ethical values of honesty, openness, social responsibility and caring for others;
  • to abide by principles of equality of opportunity and oppose forms of discrimination on the grounds of social class, race, ethnic origin, gender, sexual preference, age, disability and religion; and
  • [Other community interest / public interest objectives].


A FairShares Company or Co-operative will normally specify additional objects that reflect its social mission.


Return to the FairShares Glossary.