Co-operative Values and Principles

 

Co-operatives subscribe to the following Values and Principles.

 

Values

Co-operatives believe in:

·        Self-help – Co-operatives help people to help themselves

·        Self-responsibility – Co-operatives take responsibility for, and answer for, their actions

·        Democracy – Co-operatives give their members a say in the way they run their businesses

·        Equality – each member of a Co-operative has an equal say in how things are done

·        Equity – Co-operatives carry out their business in a way that is fair and unbiased

·        Solidarity – Co-operatives share interests and common purposes with their members and other co-operatives.

Principles

And they put their values into practise by adhering to the following principles:

·        Voluntary and open membership – membership of a Co-operative is open to everyone with an interest

·        Democratic member control – all members of a Co-operative have an equal voice in making policies and electing representatives

·        Member economic participation – all profits are controlled democratically by members and for their benefit

·        Autonomy and independence – co-operatives are always independent, even when they enter into agreements with the Government and other organisations

·        Education, training and information – co-operatives educate and develop their members as well as their staff

·        Co-operation amongst co-operatives – co-operatives work together with other co operatives to strengthen the co-operative movement as a whole

·        Concern for community – co-operatives also work to improve and develop the community, both locally and internationally.

 

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