Shareholders

The Oversight Trust – Assets for the Common Good (previously known as The Big Society Trust) shareholding currently stands at £425 million from dormant bank accounts for investment in England.

The largest UK banks (Barclays, HSBC, Lloyds Banking Group and Natwest Group) are also shareholders and have contributed £200 million for investment across the UK.

The Oversight Trust – Assets for the Common Good and banks can vote at shareholder meetings with votes in proportion to their shareholding. However, the banks have each agreed to cap their voting rights at 5% of the overall voting rights, meaning that The Oversight Trust – Assets for the Common Good is entitled to 80% of the total voting rights.

  • The Oversight Trust – Assets for the Common Good

    The Oversight Trust – Assets for the Common Good uses the monies it receives to buy “A” shares of Big Society Capital.

    The object of The Oversight Trust – Assets for the Common Good, defined in its Articles, is to help promote and develop social investment in the UK, overseeing Big Society Capital to keep it “true to its object” and by being the sole Member of Access – the Foundation for Social Investment.

    The Oversight Trust – Assets for the Common Good has four Board meetings a year at which the CEO of Big Society Capital and the CEO of Access each presents an update on their organisation’s activities and strategic issues are discussed. The Board of the The Oversight Trust – Assets for the Common Good is not involved in investment decisions or operational issues concerning either organisation.

    The Oversight Trust – Assets for the Common Good has high level governance powers, including the ability to amend the Articles of Big Society Capital and Access and also remove their Directors.

    Reflecting this remit, the Board of The Oversight Trust – Assets for the Common Good represents a balance of social and financial experience and comprises business and social sector leaders and, ex-officio, the CEOs of sector representative bodies, a nominee of the Cabinet Office and the Chairs of Big Society Capital and Access.

    The Articles of The Oversight Trust – Assets for the Common Good ensure that decisions are made independently of Government.

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