Gold standards and Golden shares
Social businesses like Cafédirect have adopted a detailed Gold Standard to provide a constitutional anchor to the company’s social character, and have a separate company of Guardians to ensure that the gold standard is maintained. More common has been the use of Golden Shares, for example by government to safeguard the public interest in a privatized company. The share may ensure that the number of shares taken by one investor is limited, or constraints are placed on the disposal of assets. Golden Shares may also carry with them the right to appoint a member to the company’s Board.