It’s coming up to STAR’s 21st birthday (in March 2023) and, as you can imagine, a lot has changed since we started out in 2002. One matter that we have needed to address is updating our Society’s Rules. Our new rules have now been approved by the Financial Conduct Authority. Please see – new rules
The three main changes are:
- We no longer need to rely on postal ballots and communications with members on matters to do with voting and annual general meetings. We can use electronic means, principally email, and this will be our default method, saving STAR time and money
- We now have the option to have an independent examination of our accounts rather than an audit. Audit rules have tightened significantly, increasing the cost of an audit which is not really appropriate for an organisation like ours. An independent examination will give members a strong assurance of the accuracy of the accounts.
- The final major change is that 16 and 17 year-olds can be shareholders in the Society. Previously the minimum age was 18. This change entitles 16 and 17 year-olds to stand for election to the STAR Board.
These rule changes will come into effect from 1st July 2023, the start of our next season / membership year.