Social Enterprise Model Rules
Surplus Sharing Model
Dr Rory Ridley-Duff, Sheffield Business School
email@example.comPublication and Revision History:
November 20071.0Published at the Common Cause Foundation
Open Social Enterprise Organisational Structures Bank.
January 20091.1Revised and Published at Scribd.comOctober 20092.0Revised and Republished at Common Cause Foundation andScridb.comDecember 20092.1Revised to clarify the way that labour and investor shares can beused to support a consumer cooperative, mixedproducer/consumer cooperative, or cooperative consortium.February 20102.2Revised to limit the scope of proxy voting so that a person canonly vote on behalf of one other member in General Meeting. Thisfollows the model adopted at Mondragon to ensure memberscannot routinely give away their voting rights, but can ask another to vote on their behalf in cases of illness or short-term absence.March 20103.0Revised for publication with
Understanding Social Enterprise
(fromSage Publications). Revised to require 3 directors in the event of public or charitable trust funding. Revised to add a requirementfor a maximum wage differential through a class resolution of labour shareholders. Revised to fully comply with the latestprovisions of the Companies Act 2006.June 20103.1Minor amendments on tighten up voting procedures followingdiscussions at the
Cooperative and Social Enterprise Summer School
hosted by Sheffield Business School.
Dr Rory Ridley-Duff
was a director of Computercraft Ltd between 1989 and 2001, and a foundingsubscriber of Social Enterprise London (on behalf of Computercraft Ltd). He is currently course leader for the
MSc Social Enterprise and Business Democracy
at Sheffield Business School and a member of the editorial board of the
Social Enterprise Journal.
Rory has published academic papers ininternational governance, entrepreneurship and social enterprise journals, and is currently co-authoring
Understanding Social Enterprise: Theory and Practice
with Mike Bull (Manchester Metropolitan) for Sage Publications.