What's New in V3.0?

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Welcome to V3.0

The biggest change in FairShares V3.0 is the process by which rules for companies, co-operatives, associations and partnerships are created. This is now initiated by a Google Form which generates a GoogleDoc and PDF version of the rules. From the GoogleDoc version, other format files can be created if necessary.

To participate in beta testing V3.0, you can test creating the generation of rules for a FairShares Enterprise.

A key benefit of generating the rules this way is that it simplifies the process for business advisers, accountants and lawyers who wish to assist clients in the creation of a FairShares Enterprise.

Other Changes

  • V3.0 formally introduces a Model FairShares Limited Liability Partnership (LLP). This is useful for FairShares Partnership working that involves a stable number of corporate partners or group of skilled professionals who practice together. As authorities have to be notified when partners join and leave, it is to less suitable for situations with high turnover of staff or casual staff.
  • We've added a new option in Clause 10 - the ability to transfer Investor Shares to a crowd funding / lending / investing platform approved by members in a General Meeting. This means that Investor Shareholders have a new way to realise their shares if they wish to sell them whilst observing social solidarity economy norms.
  • Small changes to the co-option of Directors have been made to provide for the appointment of specialist directors with environmental and co-operative management skills and experience.
  • An updated statement of Values and Principles has been published that is more inclusive of UN Principles of Responsible Management Education (PRME) and sustainable development goals.

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