Labour Member
From FairShares Wiki 3.x
Revision as of 11:15, 31 May 2019 by Jeffsuccess (Talk | contribs)
A member of an organisation created with FairShares Model Articles of Association who qualifies for membership by virtue of a Qualifying Contribution. In a FairShares Company or Co-operative, Labour members are allocated Labour and Investor Shares. Labour Members in a FairShares Association or Partnership have the same rights as Labour Shareholders in terms of governance, but do not own Labour Shares.
Labour membership is a useful concept for associations that want to qualify as a Non-Governmental Organisation (NGO) / Non-Profit Organisation (NPO) in their country, but cannot implement the shareholding aspects of the FairShares Model.
Back to FairShares Glossary.
