B Nest and Nexus Host Governance Event for Social Enterprises in Limerick
December 14, 2016
B Nest and Nexus Host Governance Event for Social Enterprises in Limerick
An open event for social enterprises entitled “Legal Set-up and proper governance for social enterprises” took place in the University of Limerick on December 12th. The BNest incubator for social enterprises in Limerick has been working for over three months now and all of the organisations taking part in this tranche have been diligently developing.
The BNest incubator however doesn’t only help social enterprises within its core group but also seeks to promote social enterprise in the mid west in general.
Over 20 people attended this workshop event which was open to any interested individuals or groups who may be thinking about setting up a hybrid or social enterprise in the mid west region.
Eamon Ryan, founder of BNest was delighted to open the meeting. “We have some of the leading minds and experts on social enterprise governance and oversight speaking to our social enterprises and we are delighted to invite any one else interested to learn about developing the good foundations for successful community organisations.”
Among those speaking about the challenges in governance and set up of organisations were: – Diarrmiud O’ Corrbui of Carmichael Centre,
– Pat Sheehan, BDO and
– Caroline Egan, Cramdentech.
The aim of the event and othere which are being organised in 2017 will hopefully encourage would be social entrepreneurs in Limerick, Clare and Tipperary to understand the choices and options on set-up and effective governance of such enterprises.
It is important for both those running social enterprises and providing oversight to understand their functions and responsibilities both for their own personal protection and of their enterprise.
Among the topics discussed were “Legal Structures for companies and fiduciary duties of company directors” by Diarmuid O’Corrbui, Carmichael Centre Dublin. Also “Financial Implications of Social Enterprise Structures”, Pat Sheehan, BDO, Limerick
And finally “Simplifying Board management for non-technical Directors”, Caroline Egan, Cramdentech
there was also a lively open discussion on the challenges and implications of setting up a social enterprise.
BNest is a social enterprise incubator based in the Nexus Innovation Centre in the University of Limerick. It was founded in 2016.