Difference between revisions of "What's New in V2.0?"
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| − | This page | + | This page summarises changes made for [https://www.dropbox.com/s/k6sh59shsqagxde/V2-0-FairSharesModel-Introduction%20%28Final%29.pdf?dl=0| FairShares Model V2.0]. |
| − | * | + | * Stronger onformance to UK FCA guildlines on Co-operative Law (IPSA 1965); |
* The concept of a [[Qualifying Contribution|qualifying contribution]] | * The concept of a [[Qualifying Contribution|qualifying contribution]] | ||
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* 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. | ||
| − | * | + | * Reduction to three sets of model rules that provide for variations include user/worker co-operatives, and user-owned / employee-owned social enterprises. |
Revision as of 06:38, 19 September 2014
Introduction
This page summarises changes made for FairShares Model V2.0.
- Stronger onformance 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.
- Reduction to three sets of model rules that provide for variations include user/worker co-operatives, and user-owned / employee-owned social enterprises.
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