Anyone who has purchased one or more shares and been entered on to the Register of Members is a Member of the Society.
Members have the opportunity to attend and vote at Annual and other Members’ Meetings, and to participate in the election of the Management Committee, all as set out in the Society’s rules.
Our rules include a statutory Asset Lock which ensures that, if a surplus is achieved, it will be used to improve the facilities and ensure the future of the business, and after that made available for distribution to other community or charitable projects. Profits cannot be used to benefit the members as individuals other than modest payments of interest to investors. A copy of our rules is available on our website.
The Society is a democratic organisation that operates on the principle of one member one vote, regardless of the amount each member has invested.
