Shareholders » Wortley Hall Democratic Structure
Wortley Hall is not owned by any trade union or the labour party. It is a co-operative and as such has a share register. Each share costs £5 to purchase. Trade union, labour and co-operative branches and their members are encouraged to become shareholders. Dividend is not paid on shares and they remain at face value.
Individuals are limited to £200.00 of shares but there is no limit for organisations.
Irrespective of how many shares an individual or organisation hold, they
are only allowed one vote at the annual meeting.
Each year the annual
meeting is held at Wortley Hall, on the second Sunday in march at 3pm.
Business at the meeting is to present the previous year's accounts, give the
annual report, discuss and vote on any resolutions that may have been submitted
and to elect the officers of the organisation.
The president and 5 members of the management board (two of whom shall be women providing we get nominations) are elected for a 2 year term of office.
In the following year, the political secretary and 5 members of the management board (two of whom shall be women providing we get nominations) are elected for a 2 year term of office.
The affairs of Wortley Hall shall be conducted by the management
board, meeting at least monthly. At its first meeting following the
annual meeting, the management board shall elect from its number two vice
presidents, one of whom shall be a woman. The quorum for this committee
shall be six.
The members committee, comprising the management board plus twenty
elected representatives of individual and organisational shareholders, are
elected for a one year term of office. Provided valid nominations are
received, at least six of the members committee shall be women. The
members committee shall meet at least four times each year and shall
consult with and monitor the work of the management board. The
quorum of this committee shall be 17.
All officers must be shareholders.
Thu 14th Aug 2008