Difference between revisions of "Prosumer Shares"
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Latest revision as of 11:27, 8 February 2021
er Share is a share owned by a member who is a user of goods and services, entitling her or him to participate in governance and receive a share of the surplus. For the purposes of clarity, any person recognised as a beneficiary or a customer of the organisation will quality for User Shares.
From v3.2, the FairShares Rules Generator includes Prosumer shares in the Model Rules for a FairShares Commons Company.
Prosumer Shares are defined in Clause/Article 10 (iii) as follows:
Prosumer Shares: "issued at a __##Currency##__ __##Par Share Value##__ par value to natural or legal persons who make at least one Qualifying Contribution in the use of the Company’s products and services; non-transferable; redeemable at par value; one vote per shareholder at General Meetings; forfeited on holder's death, bankruptcy, or insolvency, or Change of Control; cancelled upon the cessation of all trading relationships and service agreements; cancelled without payment on winding up."
As with User Shares, the default rules suggest that Prosumer Shares should only be issued to those who have made a Qualifying Contribution that shows an ongoing commitment. This prevents having to issue shares for people who make a single, or short series of purchases, and a small contribution to production. It does encourage, however, the issue of shares to people with an ongoing commitment that involves both production and usages of the goods/services of a FairShares Company.
The number of Prosumer Shares becomes important when surpluses are generated. In FairShares Commons Companies it determines both the share of surplus distributed as a cash dividend to Prosumer Shareholders, and the number of Investor Shares (Member Shares) that are distributed to represent Prosumer Shareholders' ownership of the company's assets.
See Also:
Return to the FairShares Glossary
