Difference between revisions of "User Member"
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| − | A member of an organisation created with FairShares Model [[Articles of Association]]. User Members have the same rights as [[User Shareholders]] in terms of governance, but | + | A member of an organisation created with FairShares Model [[Articles of Association]] who qualifies for membership by virtue of a qualifying user contribution. In a FairShares company or co-operative, User members are allocated User and Investor Shares. User Members in a FairShares Association have the same rights as [[User Shareholders]] in terms of governance, but are not allocated [[User Shares]]. |
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| + | User membership 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]]. | ||
Revision as of 03:03, 27 December 2016
A member of an organisation created with FairShares Model Articles of Association who qualifies for membership by virtue of a qualifying user contribution. In a FairShares company or co-operative, User members are allocated User and Investor Shares. User Members in a FairShares Association have the same rights as User Shareholders in terms of governance, but are not allocated User Shares.
User membership 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.
