Healthy turnout hears about legal structures of the Community Benefit Society
The meeting on Tuesday was attended by 49 people in Canonbie Hall. Mary Waitt, chairperson of the newly formed Community Benefit Society (CBS) welcomed everyone and told the meeting that the CBS had been very busy since the last public meeting. She introduced the committee of 11 members and three advisors.
Di Badham then told the meeting that the CBS had been formed with guidance from the Plunkett Foundation, a charity which advises and supports communities on taking over and running all types of local businesses across the UK.
Different types of legal structures had been considered but the CBS was felt to be the best fit for the take-over of the Post Office and shop. It is an
organisation which runs businesses for the benefit of the community and enables local people to buy shares in their local enterprises and become members. It has a one member one vote rule, so all shareholders have an equal say in how the business is run.
Read more in this week’s E&L available at your Newsagent or available online by subscription. Click HERE
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