Difference between revisions of "Company Objects"

Revision as of 11:34, 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 encourage, develop and promote enterprises that support human relationships and democratic governance;
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 its social mission.

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 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 promote the development of social entrepreneurship;