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Should we only have one Cap for everything? A Share Cap of 40%? Should we allow sweat equity for success? Let the Regulator know your thoughts, it matters to all.
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In April 2009 the Regulator of Community Interest Companies undertook a formal consultation with community interest companies (CICs), financial and legal organisations and the wider social enterprise sector on the limits on share dividends and performance related interest paid to investors and financiers as laid out in the Community Interest Community Regulations 2005.
The Regulator stated in her response to the consultation that she would review these changes to gauge the impact of them and to consider if any further changes to regulations are needed. The Regulator is now working with the CIC Association CIC to survey, gather and collate information on the dividend cap and associated issues.
The Regulator of Community Interest Companies, Sarah Burgess said:
"Following my review in 2009 which resulted in an uplifting of the Dividend Cap I stated that I would look again at the changes in 3 years time to see if they have delivered the intended benefits. I am now working with the CIC Association to gather wider evidence so I can take an informed view about whether or not the limits should be changed again, if so, how."
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