Caipiteal Phobail Constitution

This document outlines the preliminary constitution of Caipiteal Phobail, a community-owned economic model dedicated to building a sustainable future for Ireland.
This document will be updated and improved as we grow and learn.

Our constitution shall never lead toward the concentration of power or wealth toward any individual or group. We must create a system that is fair, transparent, and accountable to all members.

Caipiteal Phobail (Community Capital)
Company Limited by Guarantee (CLG)

1. Name
The company shall be called Caipiteal Phobail.

2. Registered Office
The registered office shall be in Ireland (Virtual office to start)

3. Objects
The principal objects of the company are:
To build and sustain community-owned economic enterprises that benefit Irish citizens.
To promote the worker-ownership model where the mother company owns 51% of daughter companies and workers own 49%.
To support economic self-sufficiency through cooperative ventures in manufacturing, food, trade, and other sectors.
To reinvest profits for community benefit, education, and further enterprise development.

4. Membership
Membership is open only to Irish citizens (or as defined by the board) who support the objects of the company.
Members shall pay an investment (€100) + monthly (€8) to participate.
Members hold no traditional shares but have membership rights consistent with the community share principle and the guarantee limit.

5. Governance
The company is governed by a Board of Directors elected democratically by members.
Decisions affecting daughter companies require consultation with their worker-owners.
The company shall appoint a Trust or representative body to oversee the 49% worker ownership share to ensure fairness.

6. Financials
Profits shall be reinvested to grow the community capital model or used for community benefit projects.

Membership investments are not freely tradable.

7. Daughter Companies
Caipiteal Phobail shall hold 51% ownership of daughter companies; worker members shall collectively own 49%.
Daughter companies operate autonomously within agreed principles of worker participation, wage fairness, and community benefit.
Financial and governance transparency is required at all levels.

8. Winding Up
In case of winding up, assets shall be transferred only to organizations with similar objects and values to ensure the continued benefit of the community.