As a social enterprise, does your constitution restrict private pecuniary profit for individuals or other organisations?
Not at all. We don’t take the ideological position that profit is antisocial so long as all stakeholders are consulted and respected. In fact, part of what we do is to encourage education entrepreneurs in low income countries to set up learning centres so they can partner with us in what we’re doing.
What are the provisions in the winding-up clauses with reference to distribution of assets of the corporation?
As it stands now, creditors, then shareholders. We’re debating using a slightly more complicated structure in which the shareholder would become a non-profit organisation as a way to have our regulatory cake and eat it too as an NGO.
Of course, as OER your organisation is free to reuse any of OERu’s courses and you would be free to offer assessment services on a fee for service basis.
Fair enough, and vice versa. We have some EPUB versions of textbooks coming out in the next few months, including one on Business Maths, and a few more of the rescued FWK textbooks.