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Student Co-op Homes

Governance and people

The ultimate decision-making authority in the co-operative is the General Meeting of all members, which sets a broad vision for SCH that informs everything they do. On day-to-day issues, decisions are made by the Board of Directors.

The Society

Student Co-operative Homes Ltd (SCH) is a multi-stakeholder co-operative registered with the Financial Conduct Authority under the Co-operative and Community Benefit Societies Act 2014 (registration number 4461). The registered address is Co-operatives UK, Holyoake House, Hanover Street, Manchester M60 0AS.

Governance

As a co-operative, the majority of the power and influence must be with members who are in a trading relationship with SCH. These are student housing co-operatives across the UK, and they have 75% of all votes at general meetings of the society and on all resolutions. The student housing co-operative members also elect up to 8 members of their board (no more than 2 board members can come from any one student housing co-op).

Investors in the 2019 (and future) share issues (and other members who support aims and objects who might be admitted by the Board) have 25% of the voting power at AGMs and on resolutions, and elect up to 4 members of the board. Note that 25% of voting power is the limit for non-user members under FCA guidance.

The Board of Directors also has the power to co-opt two other individuals to the Board for their skills and expertise.

Directors

Directors' remuneration

None of the directors are paid for their role as Directors

Directors' holdings

The directors are all members of the Society.

Conflict of Interest

The rules of Student Co-op Homes include provisions relating to potential conflicts of interest; related party activities are disclosed and dealt with according to the rules. 

Employee satisfaction

Student Co-op Homes does not currently monitor employee satisfaction

Diversity

The Student Co-op Homes board is 20% female (2 out of 10 Directors)

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