On Wednesday, 8th February, the Steering Committee met again. This time our main topics of discussion were the Co-op's constitution, and vision statement.
We need to provide a constitution in order to register the co-op with the NZ Companies Office, so need to decide on many of the details about how the co-op will be run. Of course this is also the sort of information that potential members will want to know before they purchase a share. Some of the topics discussed in relation to the constitution discussed were:
- investor returns, and the possibility of using vouchers for rebates
- classes of shares, including membership shares for individuals or households, membership shares for businesses or organisations, and supporting/investment shares
- payment options for those who cannot afford to pay $365 up front
- ensuring that the co-operative principles of autocracy and democracy are adequately provided for in the constitution
We hope to finalise a provisional constitution by the end of the next meeting.
Our reworked mission and values statement has been placed on the Harbour Co-op Vision page.