Society Rules
Kings Head Community Benefit Society is governed by rules based on Plunkett UK’s Model Rules, and is registered with the Financial Conduct Authority
Key features of the Society’s Rules include:
The Society must be run for the benefit of the community.
It will be run by a Management Committee, which has been elected by the Members.
A Member is a shareholder, with membership open to individuals over 18 years of age, businesses and organisations.
Every Member, regardless of how much they invest, has an equal say in how the business is run, i.e. one Member, one vote.
Profits must be reinvested into the business or used to support the wider objectives of the Society.
A surplus may be used to repay shareholders who are withdrawing share capital, or to pay interest on share capital or loans.
View the Society Rules for further details and all requirements: