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It's not. Good article from former Guardian journalist Jonathan Cook: HSBC and the sham of Guardian's Scott Trust https://www.jonathan-cook.net/blog/2015-03-0
by k1m 7y ago
It's not. Good article from former Guardian journalist Jonathan Cook:
HSBC and the sham of Guardian's Scott Trust
https://www.jonathan-cook.net/blog/2015-03-03/hsbc-and-the-sham-of-guardians-scott-trust/ https://www.jonathan-cook.net/blog/2015-03-03/hsbc-and-the-s...
The following is quoted in the piece:
> The Guardian is not owned by a trust at all. In 2008, “the trust was replaced with a limited company” that was accordingly re-named “The Scott Trust Limited.” Though not a trust at all, but simply a profit-making company, it is still referred to frequently as ‘The Scott Trust,’ promulgating the widely-held but mistaken belief in the Guardian’s inherently benign ownership structure. … The problem, of course, is that the Guardian functions under the same sort of corporate structure as any other major media company.
- jsmith99 7y agoVery many charities are incorporated as limited companies. It's simply a convenient structure. They are incorporated by guarantee meaning they don't have shares.
- BuildTheRobots 7y agoExcept, they're not and never have been. According to companies house, they're limited by shares (1000 of which have been issued, with a nominal value of 250,000). Have a look at any of their confirmation statements or incorporation: https://beta.companieshouse.gov.uk/company/06706464/filing-history https://beta.companieshouse.gov.uk/company/06706464/filing-h...