Social enterprises will be allowed to distribute part of their profits, but they will be required to disclose the amount of profit distributed as dividends in their annual activity reports. The administrative burden associated with the supervision of social enterprises will also be reduced. These changes are provided for in amendments to the Cabinet of Ministers regulations entitled “Regulations on Groups of People at Risk of Social Exclusion and the Procedures for Granting, Registering and…
Social enterprises will be allowed to distribute part of their profits, but they will be required to disclose the amount of profit distributed as dividends in their annual activity reports. The administrative burden associated with the supervision of social enterprises will also be reduced. These changes are provided for in amendments to the Cabinet of Ministers regulations entitled “Regulations on Groups of People at Risk of Social Exclusion and the Procedures for Granting, Registering and Supervising Social Enterprise Status”, which were adopted by the Cabinet of Ministers at its meeting on Tuesday, 6 October. Allowing the distribution of part of a social enterprise’s profits could support the development of the sector by creating…
