At the moment there will just be one Director who also will act as the sole member. In the future there will potentially be opportunities for other Director's and members to come on board.Should I…Continue
Started by Ariane Mercurius-Taylor. Last reply by Ariane Mercurius-Taylor Feb 20.
Dear all, I am a director of a Professional Body for Private Tutors and we are considering converting our company limited by guarantee into a CIC. We are seeking funding so that we can expand our…Continue
Started by Ariane Mercurius-Taylor. Last reply by Ariane Mercurius-Taylor Feb 9.
Hi,First of all, I would like to thank for taking the time to help me out with my questions.I would like to set up a CIC with my wife (two directors), for activities we have been doing for the last 6…Continue
Started by Emil Glownia. Last reply by Emil Glownia Jan 20.
In reply to your question on the comment wall:Subscribers are your initial members. Directors and the company secretary can be (but do not have to be) members. Employees are a different category, so…Continue
Started by James Macfarlane. Last reply by Sue Westwood Jan 15.
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Sky, also to add, I asked the Office of the Regulator for a bit of guidance on whether certain activities would be considered to be of benefit to the community, and they emailed me back today with comment on my particular case.
If you email them for guidance, I think it would be really useful to explain to them in general lay terms of how you think your activities will be of benefit to the community.
Hi Sky, I'm not an expert at all but have been looking into this today. I found the CIC Regulator's current guidance less useful than their guidance I found written in 2010 and since replaced, now available here, see pages 9-13: http://www.artscouncil-ni.org/images/uploads/business-support-docum...
This sets out that to determine if something is of community benefit, look at the 'underlying purpose' towards which an organisation's activities are ultimately directed'. So, as a whole, what community benefit does your organisation produce? This could either be the work of the CIC directly benefits the community, or it could raise funds which are then given to another organisation and which are used to the benefit of the community.
Comments from others on this welcome, I'm thinking through myself.
As I remember, one cannot check the Office of the Regulator in advance to ascertain whether their objects are “In the interest of the Community.” Thus, I am hoping someone can advise me whether they think a senior co-housing community that cooperatively owns the land and leases from the CIC to build their own dwelling would be acceptable to the regulator. Our articles would give us total control over who can be a member, who can be a director, who can lease, and all aspects of governance.
Thanks in advance,
Sky McCain
ok. Sorry about that.
Mottie Omideyi-Akapo, can you ask your question in a "new discussion"? I'm happy to answer, but it's easier to keep answers and follow up questions together this way. This link should work...
http://cicassoc.ning.com/group/settingupacic/forum/topic/new?target...
Hi everyone, I'm new to this group, so apologies if my question has already been answered somewhere along the line. Does anyone know if having a family member on the board of a CIC is frowned upon? I cannot find any document which states this should not be done, however I was recently informed that this was the case.
I appreciate your comments. Thank you.
Mottie
hello Everyone
i have an director who is whiting to do a apprenticeship and i am just trying to find out if i need to take her of the bored or not
Thanks John that is helpful.
Hi Rachel
It is normally only the Directors that are required to disclose as per most Articles of Association, your own document should confirm this if you have a look (just after conflicts of interest)
There is nothing to stop you extending it to volunteers etc, and it may be you have a reason that would make if best practice. If for eg you are a large membership CIC you could have members that are not Directors that may have a vested interest in the decisions you make, and that disclosure could make the world of difference.
You can make it a best practice principle even if it isnt a statutory requirement. But do you really need to?
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