FLTC is a charitable not-for-profit company limited by guarantee, the Founding Members of which are the fishing and oil and gas industry associations SFF, and NFFO and Oil & Gas UK. Decisions of the FLTC Board are made by consensus, with each industry having equal weight.
Each Founding Member is entitled to appoint a Director (two for Oil & Gas UK). The agreement of all Founding Members is required for any change to the Memorandum of Association, the appointment or removal of Directors additional to Founding Members’ nominated Directors, and the choice of Company Secretary and Chairman. Should the Company be wound up, its property and business must be transferred to a similar charitable body and if that is not possible then to The Royal National Mission to Deep Sea Fishermen and/or the Royal National Lifeboat Institution or their successors, failing which to a body dedicated to the reduction of the risk of loss or damage from marine related incidents in U.K. waters.
FLTC SERVICES BOARD
As per FLTC Board
FLTCS TECHNICAL COMMITTEE
FLTCS INVESTMENT COMMITTEE