Loomio
Fri 4 Aug 2023 8:08PM

Open Collective Host & Platform 6

AES Andrew Escobar (Andres) · social.coop Finance Working Group Public Seen by 15

During the CWG meeting today (Aug. 4) I learned that Platform 6 is considering its current viability and a path forward: “The current directors do not have capacity to keep Platform 6 Development Co-op functioning.”

Platform 6, Extraordinary General Meetings (June 3, 2023 & July 29, 2023)

In reading the minutes of both meetings, it is clear that Platform 6 has carefully evaluated options that will avoid disruption to its member organizations. Innovation Cooperative is seen as an enthusiastic partner that “has agreed, subject to due diligence, to take over the key fiscal hosting service” that social‍‍.coop and others rely on.

While the FWG is scheduled to meet on Aug. 29, 2023 at 9 AM Mountain, perhaps this group should meet earlier to:

  1. consider the path forward with Platform 6 (and therefore innovation‍.coop);

  2. evaluate the need for a decision by the FWG or the membership; and

  3. provide a general update to members.

With thanks,

Andrew Escobar (Andres)

@[email protected]

NS

Nathan Schneider Mon 18 Mar 2024 4:25PM

@Graham, based on the just-passed budget, I have just set up an annual recurring 600 GBP payment from Social.coop to P6. Thanks for your engagement on this in the budgeting process.

cc @Andrew Escobar (Andres) · social.coop Finance Working Group

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Graham Tue 19 Mar 2024 8:06AM

@Nathan Schneider Many thanks. That's really helpful and appreciated.

G

Graham Tue 19 Mar 2024 8:15AM

A brief update on the process of transition for P6: we originally thought that Innovation Cooperative Limited could simply become the sole member of P6, effectively making it a wholly owned subsidiary. However that approach has some significant cost implications driven by the legal requirements of this type of arrangement, so instead we've taken an approach that is offered by the peculiarities of the UK legislation around cooperative societies, whereby a society can be taken over by another society by a process known as a 'transfer of engagements'. P6 is not currently structured as a society, so there's a technical pre-cursor step that needs to be taken, to convert P6 into a society. Our legal people are working on this currently, and I hope that we can now execute this fairly swiftly and cost effectively.

NS

Nathan Schneider Tue 19 Mar 2024 3:06PM

@Graham Thanks for this. Under this scenario, would we need to shift our fiscal sponsorship from P6 to Innovation, or just stay with P6?

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Graham Tue 19 Mar 2024 3:35PM

@Nathan Schneider We'll aim to make it seamless, but will be constrained by what's possible with OC.