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Social Enterprise Articles Of Association

Social Enterprise Articles Of Association Template for Hong Kong

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Social Enterprise Articles Of Association

"I need Social Enterprise Articles of Association for a Hong Kong recycling company that will reinvest 70% of profits into environmental projects, with provisions for green technology investments and environmental impact measurement to be implemented by March 2025."

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Document background
Social Enterprise Articles of Association are essential governing documents for organizations seeking to combine business operations with social impact in Hong Kong. This document type is specifically designed for entities registering as companies while maintaining a clear social purpose. The Articles must comply with the Hong Kong Companies Ordinance while incorporating provisions that protect the organization's social mission. They establish the framework for governance, profit distribution, asset protection, and stakeholder engagement. This document is particularly crucial when registering a new social enterprise, converting an existing company into a social enterprise, or updating governance structures to reflect social impact objectives. It includes mandatory elements required by Hong Kong law while allowing flexibility to accommodate various social enterprise models and impact measurement approaches.
Suggested Sections

1. Company Name: Specification of the company name and type

2. Interpretation: Definitions of key terms used throughout the Articles

3. Social Mission and Objects: Clear statement of the company's social objectives and permitted activities

4. Limited Liability: Declaration of members' limited liability

5. Share Capital: Details of share structure and rights attached to shares

6. Members: Rights, obligations and procedures regarding membership

7. General Meetings: Procedures for conducting general meetings

8. Directors and Management: Appointment, removal, and powers of directors

9. Decision Making: Voting procedures and decision-making processes

10. Profit Distribution and Asset Lock: Rules governing profit distribution and asset use for social purposes

11. Accounts and Audit: Requirements for financial reporting and auditing

12. Notices: Methods and requirements for giving notices to members

13. Dissolution: Procedures for winding up and asset distribution

Optional Sections

1. Social Impact Measurement: Framework for measuring and reporting social impact - include when the enterprise wants formal impact tracking

2. Stakeholder Involvement: Mechanisms for involving beneficiaries and stakeholders in decision-making - useful for more participatory governance models

3. Asset Transfer Provisions: Specific provisions for transferring assets to similar social enterprises - important for preserving social mission

4. Social Investment Provisions: Specific provisions for accepting social investment - include when planning to seek social investment

5. Charitable Status Provisions: Additional provisions required if seeking charitable status - include if planning to register as a charity

6. Multiple Share Classes: Provisions for different share classes with varying rights - include if planning complex share structures

7. Branch Registers: Provisions for maintaining branch registers - include if operating in multiple jurisdictions

Suggested Schedules

1. Schedule 1: Share Capital Details: Detailed breakdown of share classes and rights

2. Schedule 2: Social Impact Metrics: Specific metrics and measurement methods for social impact

3. Schedule 3: Proxy Form: Standard form for proxy appointments

4. Schedule 4: Directors' Conflicts of Interest Policy: Detailed procedures for handling conflicts of interest

5. Schedule 5: Asset Lock Provisions: Detailed provisions for protecting assets for social purposes

6. Schedule 6: Social Mission Statement: Detailed description of social mission and objectives

7. Schedule 7: Membership Criteria: Detailed criteria and procedures for membership

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions















































Clauses






























Relevant Industries

Healthcare and Wellness

Education and Training

Environmental Services

Community Development

Fair Trade

Sustainable Agriculture

Social Housing

Microfinance

Disability Services

Employment Services

Renewable Energy

Waste Management

Social Care

Arts and Culture

Food Security

Relevant Teams

Board of Directors

Legal

Compliance

Corporate Governance

Social Impact

Finance

Operations

Stakeholder Relations

Community Engagement

Investment Relations

Relevant Roles

Chief Executive Officer

Social Impact Director

Company Secretary

Board Chairman

Non-Executive Director

Impact Measurement Officer

Compliance Officer

Legal Counsel

Corporate Governance Manager

Stakeholder Engagement Manager

Social Investment Manager

Finance Director

Operations Director

Community Outreach Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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