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Yes, 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
by londons_explore 2y ago
Yes, 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.