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Finding new ways to increase social enterprises’ and charities’ impact is a problem that most such organisations will face during their lifetime. One of the most efficient ways of increasing an organisation’s impact is to work directly with other entities, whether these be impact organisations or purely for-profit entities. Working with other organisations can create its own challenges, including documenting these relationships and, if necessary, adopting new legal structures.
In November, HL BaSE joined the Wildlife Trust to present at its Finance Community Conference to provide practical training on how to work with other entities and the different legal structures and collaboration arrangements available to organisations within the Wildlife Trust network. The Wildlife Trust Finance Community Conference brings together leadership teams from across the Wildlife Trusts network to discuss the most important issues they are facing, and how to increase their impact.
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Charles Jemmett, Tom Walsh and Khadeejah Patel provided this training, discussing the main options available to organisations when considering these issues, including:
- establishing new joint venture entities, which ringfences risk and allows greater flexibility, with the parents’ respective control and involvement reflected in a joint venture agreement;
- adopting a Golden Share into an existing entity’s constitution, which confers certain rights, including allowing other entities to step in to prevent changes to an entity’s mission or prevent it being sold purely to generate profit;
- creating contractual relationships between existing entities, which allows work to be carried out by one organisation, formalising the relationship, rights, obligations, and boundaries between organisations for specific projects, as well as the practical implications of doing so.
A huge thank you to the Wildlife Trusts for hosting HL BaSE, and everyone who participated and made this event so impactful.