Difference between revisions of "Founder Member"
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Founder 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. | Founder 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 [[Main Page]] | Back to [[Main Page]] | ||
Revision as of 03:14, 27 December 2016
A member of an organisation created with FairShares Model Articles of Association who qualifies for membership by virtue of being a founder of the organisation (i.e. a signatory to the documents that brought the organisation into existence). In a FairShares Company or Co-operative, Founder members are allocated Founder Shares. Founder Members in a FairShares Association or Partnership have the same rights as Founder Shareholders in terms of governance, but do not own Founder Shares.
Founder 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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