People Agreement

Co-owners

Co-owners are the stewards of Greaterthan. They are collectively responsible for governing the organization and operating the business. They build and lead Greaterthan’s core projects. They each have an equal shareholding with equal decision-making weight on company decisions. Co-owners have been involved in Greaterthan (as associates or by working on projects) for at least 1 year.

Rights & Responsibilities

Required
Expected
Required
  • Collectively decide on

    • overall strategy

    • investment of the core budget, either redistributing surplus to co-owners/associates and/or investing it in new projects & ventures

    • the evolution of Greaterthan’s governance and decision-making structures, and create new ones when needed

    • the use of the Greaterthan brand and how to protect IP

  • Invite in new co-owners and associates

  • Use and leverage the Greaterthan brand

  • Contribute to building the Greaterthan Commons in whatever way fits with their skills and strengths

Expected
  • Start, bring in and lead key Greaterthan projects

  • Represent Greaterthan, such as speaking at events, in the media, etc.

  • Put all or the majority of their consulting work through GT, unless there is a certain reason for this not to be the case

  • Be honest about all the work they are doing and consulting the group for prioritizing/choosing future work opportunities

  • Participate in in-person-Sprints every 3 to 5 months, which are funded through the core budget

Joining & Leaving

Joining
Leaving Elegantly
Joining
  • Nominated by any co-owner or through proactive request by candidate

  • Agreed by consensus on Loomio (no disagrees)

Leaving Elegantly
  • Co-owners can resign or change their status to associate at any time, (but if the circumstances allow) it is considered adequate to give notice of at least 3 months

  • Any co-owner can call an emergency meeting pursuant to unacceptable behavior of another co-owner, which may lead to their removal

  • When a co-owner leaves, a closing meeting is held in person with at least 75% of all co-owners, to:

    • hold a dialog and reflection circle about their time at Greaterthan

    • discuss and agree on fair terms of leaving that take into account personal investments made in the business. Such terms could be: allowing the person to participate in decision-making on how annual surplus is spent for a set amount of years; a capped return on future surplus generated, etc.

  • This meeting is to be held as early as possible, but latest within one year after the person’s intention to leave has been expressed

  • After this meeting has taken place, that person’s shares are sold back to Greaterthan for £0.01 per share

Associates

Associates are people who work on Greaterthan projects on a recurring basis and want to formalize their involvement. They are part of decision-making within the scope of the projects they are part of (subsidiarity principle). Associates can become co-owners if they want to step up their involvement in building and stewarding Greaterthan.

People can work on Greaterthan projects without being an Associate.

Rights & Responsibilities

Required
Encouraged
Required
  • Join and participate in team communication channels

  • Participate in decision-making in the projects they are part of

  • Be added to the Greaterthan website

Encouraged
  • Join (part of) in-person sprints

  • Represent Greaterthan publicly

  • Use a greaterthan.works email address

  • Start or bring in new projects

  • Contribute to building the Greaterthan Commons in whatever way fits with their skills and strengths

Joining & Leaving

Joining
Leaving
Joining
  • Nominated by any co-owner or through proactive request by candidate

  • Agreed by consensus vote on Loomio with up to 6 co-owners, and by consent when there are more than 6 co-owners (with not more than 1 disagree)

Leaving
  • Associates can opt out at any time. If they are working on an ongoing project, it is considered adequate to give due notice of the intention to leave

  • Any co-owner or associate can call an emergency meeting pursuant to unacceptable behavior of an associate, which may lead to their removal

Minimum Viable Board

Compliance and legal responsibility is held by a “Minimum Viable Board”, composed of two co-owners and (optionally) one external person.

The MVB will:

  • ensure that Greaterthan Collective Ltd is fully compliant with United Kingdom laws and regulations, and its company constitution

  • maintain an overview of current finances, long term financial view, and adequate reserves

Any co-owner may nominate a director (including themselves). They can initiate a conversation at any time to discuss directorship with the other co-owners.

The current MVB has 3 members:

  • Francesca Pick (co-owner)

  • Susan Basterfield (co-owner)

  • Patrick Andrews (external advisor)

See current changes on UK Company's House.