Difference between revisions of "Company Objects"
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The '''Company Objects''' are defined in Clause 5. By default these are: | The '''Company Objects''' are defined in Clause 5. By default these are: | ||
| − | * to engage in commerce that spreads wealth and power to primary stakeholders; | + | * to engage in commerce that spreads wealth and power to primary stakeholders (producers, employees, customers and service users); |
* to pursue trading activities that are economically, socially and environmentally sustainable; | * to pursue trading activities that are economically, socially and environmentally sustainable; | ||
* to promote the development of social entrepreneurship; | * to promote the development of social entrepreneurship; | ||
| − | * to advance [[Co-operative Values and Principles]] that | + | * to advance [[Co-operative Values and Principles]] that create social capital through participatory management and democratic governance processes; |
* to abide by the internationally recognised values and principles of co-operative identity as defined by the International Cooperative Alliance, in particular the values of self-help, self-responsibility, democracy, equality and solidarity and the ethical values of honesty, openness, social responsibility and caring for others; | * to abide by the internationally recognised values and principles of co-operative identity as defined by the International Cooperative Alliance, in particular the values of self-help, self-responsibility, democracy, equality and solidarity and the ethical values of honesty, openness, social responsibility and caring for others; | ||
* to abide by principles of equality of opportunity and oppose forms of discrimination on the grounds of social class, race, ethnic origin, gender, sexual preference, age, disability and religion; and | * to abide by principles of equality of opportunity and oppose forms of discrimination on the grounds of social class, race, ethnic origin, gender, sexual preference, age, disability and religion; and | ||
* [Other community interest / public interest objectives]. | * [Other community interest / public interest objectives]. | ||
| − | A [[FairShares Company]] or [[FairShares Co-operative|Co-operative]] will normally specify additional objects that reflect | + | |
| + | A [[FairShares Company]] or [[FairShares Co-operative|Co-operative]] will normally specify additional objects that reflect the social and economic goals of its [[Founder Shareholders|founder shareholders]]. | ||
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Return to the [[FairShares Glossary]]. | Return to the [[FairShares Glossary]]. | ||
Latest revision as of 19:18, 8 February 2014
The Company Objects are defined in Clause 5. By default these are:
- to engage in commerce that spreads wealth and power to primary stakeholders (producers, employees, customers and service users);
- to pursue trading activities that are economically, socially and environmentally sustainable;
- to promote the development of social entrepreneurship;
- to advance Co-operative Values and Principles that create social capital through participatory management and democratic governance processes;
- to abide by the internationally recognised values and principles of co-operative identity as defined by the International Cooperative Alliance, in particular the values of self-help, self-responsibility, democracy, equality and solidarity and the ethical values of honesty, openness, social responsibility and caring for others;
- to abide by principles of equality of opportunity and oppose forms of discrimination on the grounds of social class, race, ethnic origin, gender, sexual preference, age, disability and religion; and
- [Other community interest / public interest objectives].
A FairShares Company or Co-operative will normally specify additional objects that reflect the social and economic goals of its founder shareholders.
Return to the FairShares Glossary.
