Landmark reform on cards for co-operatives
Co-operatives UK are celebrating! The recent Government announcement that a planned move forward with crucial legislation affecting co-ops. This will enable co-operative societies to offer the option of legally guaranteeing that some of their assets are held in common and non-distributable among members.
In real terms this means co-operative founders will have more choice of legal form, enabling innovation and impact in the social economy.
Further reading on this interesting topic – www.uk.coop/news/landmark-reform-cards-co-operatives