FairShares Co-operative
A FairShares Co-operative is an organisation that implements the FairShares Brand under Co-operative Law or Industrial and Provident Society Law. These bodies of law require co-operative shares to have particular characteristics. The FairShares Association provides three models.
You can access Model Rules here.
For those wishing to incorporate under Company Law, see the page on creating a FairShares Company.
For those wishing to establish an association, you can use the FairShares Association Model Rules.
These rules are similar to a FairShares Social Co-operative except that there is provision only for membership, not share capital, and an asset lock ensures no distribution of assets to members upon dissolution. Labour and User Share Fraction still apply - they ensure managers control only 30% of the surplus allocation in the event of a surplus - the other 70% is allocated by elected users and workforce members to projects suggested by an executive group.
The following industry specific constitutions may be of interest to those involved in public services or seeking to reform the financial services industry:
If you want more information on FairShares Articles of Association, there are dedicated pages for learning about and discussing them.
Return to the FairShares Model
