Suitable for a co-operative owned and controlled by its employees.
Model key features:
- Governing Act - Companies Act 2006
- Members may hold more than one share in the co-operative, but voting is limited to one member, one vote
- Board composition - may be governed collectively by all the members or via an elected board
- Options to include a common ownership or co-ownership dissolution provision
Those intending to incorporate this model should contact Co-operatives UK's advice team before doing so to ensure the share structure and treatment of shares best fit the needs of your co-operative.
Download the model here.
