CIC Association

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CIC Governance

This group is intended to help CIC's with how they are managed, led and held to account. 

Members: 53
Latest Activity: yesterday

Discussion Forum

Directors as employees

I have been helping newly established CICs find funding and keep track of their bookkeeping.A number of them are now looking to make their voluntary work into a paying job.They do things like teach,…Continue

Started by Louise poor Aug 16.

Accounting Error 2 Replies

HiWe set up our CIC in June last year. We've been taking money for living expenses as drawings. I know now that this isn't the correct way to do things. I know we need to invoice as another entity or…Continue

Started by Wenderlynn. Last reply by Mahmood Reza Feb 23.

Registering additional directors for a CIC 5 Replies

Hello,I would very much appreciate feedback and guidance in relation to these no doubt seemingly simple queries that are cause for current concern. I set up a CIC limited by guarantee last December…Continue

Started by Daniel Wood. Last reply by Mark Trotter Feb 21.

Appointing a NED

Hello all,I am entering year of two running a CIC as the sole director, but with someone acting as the second bank signatory.I have now hit the age old problem of needing two or more directors to…Continue

Started by Ali Strow Sep 9, 2019.

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Comment by Neil Blackwood on April 26, 2017 at 16:30

That is correct.

Although it may depend on the voting tights of the Chair, who may have the casting vote?

Even numbers of directors are not always a good idea!

Comment by Vicky Flood on April 24, 2017 at 23:01

Hi Sorry if im being a bit dim, but I have a question about the new Person of significant control register. 

Our CIC is limited by guarantee and therefore there are no share holders and the directors meetings are equal voting so I am unsure if all the directors (4) hold it equally and therefore wouldn't go on it because it would be 25%?

Really sorry.. cheers

Comment by Jeremy Kite on March 23, 2016 at 11:19

Hello Jackie - fire away!

Comment by Jackie Scruton on March 16, 2016 at 11:39

hello i have just become a non exec director and hope as I settle in I maybe be able to 'pick' peoples brains

thanks

Jackie 

 

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