Difference between revisions of "What's New in V2.0?"
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* Clause 15 changed in co-operative version to take advantage of regulations permitting share transfers. A FairShares Co-operative now has the same powers as a [[FairShares Company]] to create social economy organisations that hold shares for employee, community or public benefit. | * Clause 15 changed in co-operative version to take advantage of regulations permitting share transfers. A FairShares Co-operative now has the same powers as a [[FairShares Company]] to create social economy organisations that hold shares for employee, community or public benefit. | ||
| − | * Clause 16 expanded to provide | + | * Clause 16 expanded to provide details on borrowing powers to conform with IPSA 1965 Act. |
| − | * Clause 24 changed to conform to one-person, one-vote principles weighted by the fraction of power allocated to each shareholder group | + | * Clause 24 changed to conform to one-person, one-vote principles weighted by the fraction of power allocated to each shareholder group. |
* (Come back for more later) | * (Come back for more later) | ||
Revision as of 19:21, 4 March 2014
Introduction
This page will be completed when decisions have been made about V2.0.
- Full conformance to UK FCA guildlines on Co-operative Law (IPSA 1965);
- The concept of a qualifying contribution
- Terminology change - from 'Free Shares' to 'Member Shares'. This change seemed sensible because the shares are not a gift, and have to be earned. This better reflects the nature and purpose of the shares distributed in proportion to the value-added each year.
- Clause 15 changed in co-operative version to take advantage of regulations permitting share transfers. A FairShares Co-operative now has the same powers as a FairShares Company to create social economy organisations that hold shares for employee, community or public benefit.
- Clause 16 expanded to provide details on borrowing powers to conform with IPSA 1965 Act.
- Clause 24 changed to conform to one-person, one-vote principles weighted by the fraction of power allocated to each shareholder group.
- (Come back for more later)
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