Charity Bank applies to allocate profits to charity shareholders - Civil Society - Governance - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits

Charity Bank applies to allocate profits to charity shareholders - Civil Society - Governance - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits: he Charity Commission is considering a request by Charity Bank to change its governing documents to allow it to distribute profits to its charitable shareholders, a decision that could have wider implications for all charitable companies.

Charity Bank – a registered charity – has been prompted to make the application by proposed new European banking regulations that are designed to prevent a repeat of the banking crisis at large commercial banks.