Difference between revisions of "What's New in V2.0?"

From FairShares Wiki 3.x
Jump to: navigation, search
(What's New in Version 2.0 - create page)
 
m
 
(17 intermediate revisions by 2 users not shown)
Line 1: Line 1:
 
=Introduction=
 
=Introduction=
  
This page will be completed when decisions have been made about V2.0.
+
This page summarises changes made for [http://www.fairshares.coop/wp-content/uploads/2014/02/V2-1-FairSharesModel-Introduction-Final.pdf FairShares Model V2.1].
  
* (Come back for more later)
+
* Three flexible constitutions for incorporation as worker/user controlled associations, co-operatives and companies.
 +
 
 +
* Stronger conformance to UK FCA guidelines on Co-operative Law (IPSA 1965);
 +
 
 +
* The concept of a [[Qualifying Contribution|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.
 +
 
 +
 
 +
 
 +
----
 +
 
 +
Return me to the [[Main Page]]

Latest revision as of 12:26, 28 January 2019

Introduction

This page summarises changes made for FairShares Model V2.1.

  • Three flexible constitutions for incorporation as worker/user controlled associations, co-operatives and companies.
  • Stronger conformance to UK FCA guidelines on Co-operative Law (IPSA 1965);
  • 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.



Return me to the Main Page