A Fair Share - The 2012 CIC Cap Review
Friday, December 14, 2012 from 12:00 PM to 4:00 PM
London, United Kingdom
Stephen Lloyd of BWB and John Mulkerrin of CIC Association CIC invite you to join us at:
A Fair Share - The 2012 CIC Cap Review - an afternoon of discussions to review the effect of changes made in 2010 and to propose further change.
The Regulator is now working with the CIC Association CIC to gather and collate information on the share dividend caps, this event is an opportunity for those who want to influence this process to contribute.
Introduction and background
Session 1 - Review effect of previous changes and level of current investment activity
Networking break with snacks - Discussion point - What level would you set the Caps and why?
Session 2 - What further changes should we make?
Open Q and A
Close - (followed by after event drinks and further networking)
This event is of interest to CICs, Civil Society Organisations, Social Finance Intermediaries, Social Investors, Business Advisers, Accountants, Solicitors and other providers of professional services.
'This review will be the last chance in a long time to make any meaningful changes to the CIC Dividend Caps, let's make it count.
Your experience matters, your opinion matters. Any changes will definitely matter to your chances of building your CIC over the next few years, this is also a chance for us all to better connect and form a common agenda that will benefit all CICs so I urge you to get stuck in.
Tell the Regulator what the Caps should be, let us trap info about your CIC to help build a picture of what we are as a collective, Join us for Free and help steer the future.'
CIC Association CIC
Current rates are:
Individual Caps 20% of initial investment, Total aggregate Cap 35% of distributable profit.
Full details of the Caps can be found at http://www.bis.gov.uk/cicregulator/guidance
When & Where
CIC Association CIC
CIC Association CIC believe the community interest company legislation (CIC) is an evolution. A legislation, brand and structure that will change the way people do business in the UK.
Connecting the CIC community allows us to communicate to and receive info from all CICs, to build a single online marketplace from which to trade, attract investors, raise awareness levels and disseminate information and best practice.