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The Coal Industry Social Welfare Organisation (Amendment of Memorandum and Articles) Order 1987
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- UK Statutory Instruments
- 1987 No. 1225
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Explanatory Note
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This Order amends the Memorandum and Articles of Association of the limited company known as the Coal Industry Social Welfare Organisation and deems two resolutions to be passed by the company.
The Memorandum and Articles of Association are amended so that five specified trades unions representing employees of the British Coal Corporation may participate in the running of the company’s affairs according to the number of such employees they represent. Particular amendments to the Articles, which are contained inSchedule 1 to the Order, enable the unions to hold shares in the company (paragraphs 5 and 6), to exercise voting rights (paragraph 13), to appoint Directors (paragraph 15) and to be represented on any committee established by the company to exercise its powers (paragraph 23). The resolutions deemed to be passed in general meeting and set out inSchedule 2 are concerned with the consolidation, re-classification, and allotment of the company’s shares to enable such unions to be members of the company.
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