Is it okay for a CIC founder to control director appointments? (Anonymous post 🤫)
Ocean King
Leadership & Governance
Directors of a new CIC
Geoff Roberts Trustee at The Aire Rivers Trust and Participate Projects Posted 1 year ago
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We are creating a new CIC and several stakeholders (some of whom are themselves corporate or public sector bodies) will be invited to nominate Directors 'on behalf of their organisation'. These are being described as 'representatives'.
My understanding is that whilst acting as a Director of the CIC they are NOT 'representing' their employer, but must focus on the best interests of the CIC.
Your thoughts?
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