4 ms·
Are non-profits allowed to own any stock in publicly traded companies in Britain?
by anticensor 2y ago
Are non-profits allowed to own any stock in publicly traded companies in Britain?
- gchadwick 2y agoAccording to this: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/302278/cc14text.pdf https://assets.publishing.service.gov.uk/government/uploads/... yes. Note that the foundation has had a majority stake in RPi ltd (as a private company) for a long time this is not a new structure.
- graemep 2y agoYes. large non-profits can need to invest a lot of money.
- londons_explore 2y agoYes, but as shareholders they must still act according to their 'purpose', which is a term in UK law that a charity can choose when it is set up as part of its charter, and then every action must be in accordance with.
- szundi 2y agoPurpose of spinoff = get dividends to fund the original purpose
- deleted 2y ago[deleted]
- hgomersall 2y agoNon profits aren't generally charities.