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Somerset Co-operative Community Land Trust

Governance and people

Somerset Co-operative CLT is a Community Benefit Society registered under the Co-operative and Community Benefit Societies Act, 2014.

Somerset Co-operative Community Lant Trust Ltd is a Community Benefit Society, registered with the Financial Conduct Authority under the Co-operative and Community Benefit Societies Act 2014 as a Community Benefit Society. Registration Number 30745R.

Total number of shares

As of 2017 there was 243,898 in called up share capital.Somerset Co-operative CLT will be issuing a maximum of 350,000 additional shares, worth £1 each, through their current offer. 

Next AGM

May 2019

People

The team

The Directors currently on the board of Somerset Co-operative CLT are listed below. They are all on the Board in a personal capacity.

All members who join SCCLT are eligible to stand for election to the Board of Directors.

Conflict of interest

The Board of Directors of SCCLT have a Register of Interests – and all Board members have declared their current interests. Board members are asked to inform their fellow directors of any new potential conflicts of interest.

When necessary, Board members acknowledge a potential conflict of interest, and remove themselves from that particular Board discussion and decision. Board members are encouraged to raise any potential conflicts of interest, if the person themselves has not previously acknowledged the potential conflict.

Directors' remuneration

There is no payment for Board members for being on the SCCLT Board of Directors. Reasonable out-of-pocket expenses are paid in appropriate circumstances – such as travel expenses when a Board member is representing SCCLT at an event.

Board members do not stand to gain financially from this share offer.

Directors' holdings

Each Director holds a £1 share.

Employee satisfaction

SCCLT does not currently report on employee satisfaction. 

Diversity

3 out of 9 directors are female.

The current Board is made up of founder members of the Society.

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