Difference between revisions of "Labour Member"
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| − | A member of an organisation created with FairShares Model [[Articles of Association]]. Labour Members have the same rights as [[Labour Shareholders]] in terms of governance, but do not own [[Labour Shares]]. Labour | + | 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]]. |
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| + | 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. | ||
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Back to [[FairShares Glossary]]. | Back to [[FairShares Glossary]]. | ||
Latest revision as of 10:15, 31 May 2019
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.
