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Member has stopped contributing
mukiha
#11 Posted : Tuesday, December 08, 2009 11:43:09 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Every group should have rules governing what will happen if a member stops making the monthly contribution. Unfortunately, most groups will set the expulsion process in motion.

In my view, this is not only unfair, but also too rigid. Isn't it possible to have a club where some members have fewer contribution [read, shareholding] than others? After all, the greatest companies in the world are like that.

Another problem I see with investment clubs is that there is no time [or cash] limit at which members will stop contributing and starting enjoying their fruits. This, in my view is the greatest source of apathy and many members drop off along the way...eventually the club dies. In any case, why should I attend the meetings if I have no intention of pay more money into the seemingly bottomless pit?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
The General
#12 Posted : Tuesday, December 08, 2009 12:15:33 PM
Rank: Member

Joined: 6/3/2006
Posts: 553
@ Mukiha,

There are those set to "expire" every end of year and the "spoils" are distributed amongst members.
The thicker the thigh the sweeter the pie.
Pretty
#13 Posted : Thursday, December 17, 2009 7:38:11 AM
Rank: Member

Joined: 5/8/2009
Posts: 263
Location: Gigiri, Nairobi
Tribunal Committee shall serve written notice to the member stating the reasons for the proposed expulsion, and grant the member thirty (30) days for him/her to prepare a defense, if any.

smile In short, the tribunal committee does the actual sending away of a member.
smile As far as you follow the constitution to the letter, you have no quarrels
smile The moment you start entertaining excuses, you are done in.
smile I drafted the document for this group of guys and they paid me handsomely
smile They usually invite me in to come and interpret some of the clauses that appear contentious or have far reaching consequences.
smile Did you understand what I meant by xmyname etc?
>>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats

>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.

Where do you fall?
Pretty
#14 Posted : Thursday, December 17, 2009 7:48:12 AM
Rank: Member

Joined: 5/8/2009
Posts: 263
Location: Gigiri, Nairobi
muganda wrote:
@Pretty, pretty impressive and thx. Do you belong to an investment group? Have you had a chance to test the clause and how did it work out? Did emotions come in? Were friendships broken?

Oops too many questions perhaps...


smile I do not belong to an investment group
smile I have tested the clause and it works very well
smile Emotions were high initially but after guys realize that friendship goes on whether you are in or out, emotions are now well controlled as a dropping guy knows he can be re-admitted back after sorting out himself.
smile Oops, this are not too many questions for me.
>>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats

>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.

Where do you fall?
kiterunner
#15 Posted : Sunday, March 25, 2012 4:08:59 PM
Rank: Member

Joined: 7/9/2011
Posts: 730
Location: Nairobi
@pretty do you mind sharing a copy of this constituition
our goals are best achieved indirectly
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