ASPEL was established as a Community Interest Company (CIC) under English Law in 2009. It is a Company limited by shares, and therefore subject to the Companies Act, as well as the Companies (Audit, Investigation and Community Enterprise) Act 2004 and the Community Interest Company Regulations 2005. It is owned and controlled by its shareholders.
As a CIC, ASPEL differs from other companies in that it seeks to conduct business for community benefit, and not purely for private advantage. As a CIC, ASPEL has been registered with the CIC Regulator and we must satisfy the Regulator on an annual basis that we continue to operate for the benefit of the community.
ASPEL’s assets are “locked” to ensure that they are dedicated to community benefit purposes.
Objects of ASPEL
These are set out in the Memorandum and Articles of Association:
To improve the quality of working life by providing greater economy, efficiency and effectiveness in all aspects of the development of Executives
To assist professionals and practitioners in the executive learning industry to improve their own knowledge and competencies for the benefit of their clients and customers and for the benefit of organisations and the community at large.
To provide a range of learning and networking services to both suppliers and buyers of executive learning solutions. Such services will include a web portal, local meetings, international conferences, collaborative publishing of academic and practice-based papers and case studies, and support for exchanges and cooperative ventures
To provide accreditation (for institutions) and certification (for individuals) services to serve as standards for the industry
To conduct and publish research on all aspects of executive learning for the benefit of all those in the executive learning industry, including non-members
To establish a fund as well as the relevant infrastructure, to provide executive learning services to institutions, groups and individuals that could not otherwise afford such services
To support initiatives and projects designed to enhance the quality of executive learning
