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Shareholding Membership

Some of our shareholders

We are an industrial and provident society; this means that our rules require us to have shareholding members. Their primary responsibility is to elect the Association's governing body, the Board of Management, for which shareholders themselves can stand for election as an Ordinary Board Member.

Shareholders also have the power to appoint the auditors, amend the rules and approve or reject resolutions at general meetings. This gives them a measure of control that at times can be crucial.

Shareholders are kept informed by receiving copies of our Newsletters and other information leaflets and publications.

Our aim is to have a wide and balanced shareholding membership to:

  • Reflect our responsibility to our stakeholders (tenants, future tenants, local residents and others interested in furthering local social housing objectives)
  • Ensure greater democratic control
  • Allow more people to become involved in the activities of the Association

If you would like to become a shareholder we are keen to hear from you

We particularly encourage applications from people representing the community served by the Association, who share our aims and objectives in the provision of social housing.

We would also particularly welcome applications from people of black or minority ethnic groups or those with special needs, as these are currently under represented.

If you are interested, please e-mail the company secretary at Email link , giving your name and full address and we will send you further details and an application form or download our information pack and application form by using the link below.

Link to an Adobe Acrobat file Shareholder Information Pack .

Please note:

  • Membership is only open to persons over the age of 17.  They also cannot be employees nor former employees who left the Association within the previous 2 years.
  • The Board of Management reserves the right to refuse an application if acceptance would unbalance the overall membership in favour of any particular interest group, or in accordance with Rule 11, if resident shareholders would exceed one-third of the membership.
  • The Shareholding Membership fee is £1, which will be returned if the application is not successful.
  • The £1 share carries no right of interest, dividend or bonus.
  • A Share Certificate will be issued to successful applicants.
  • Applications for membership may be submitted at any time and each will be considered by the Board of Management at the next meeting thereafter.
  • The Association reserves the right in accordance with Rule C14.1.4 to remove from membership any shareholding member who fails to attend or provide apologies for all shareholding meetings over a period of two years.