(1) Representativeness and participation; (2) Strategic guidance; (3) Executive management; and (4) Supervision and control.
The five principles of corporate governance are responsibility, accountability, awareness, impartiality and transparency.
Therefore, the Four Pillars of Cooperative Governance is a framework for connecting the co-op's values to governance activities at all levels: staff, management, board, and owners. Each of the four pillars—Teaming, Accountable Empowerment, Strategic Leadership, and Democracy—is relevant to each constituency in a co-op.
What Are Cooperative Values?
The cooperative values serve as guidelines for all co-op organizations and their members. There are six main cooperative values: 1. Self-help:Co-ops are … What Are The Cooperative Principles?
When the founders of the ICA created the guiding principles for cooperatives, they looked to the original Rochdale organization. They had been operating under t… Voluntary and Open Membership
The members are the most important part of a cooperative. Without dedicated and participating members, no co-op can succeed. To gain such a gro… Democratic Member Control
Cooperatives are founded on the ideals of democracy. Every member plays an integral role in making decisions that affect the organization as a whole. The co… Members’ Economic Participation
To maintain fairness in all areas of the cooperative, members need to contribute equitably to its economy. They should also maintain democratic control ove… Autonomy and Independence
While each member has their own freedoms within the cooperative, the organization itself is also an autonomous and independent entity. The members of the co-o… Education, Training and Information
To run a co-op successfully, promoting and spreading education is a necessity. Every individual involved with a cooperative needs to be well inf… Cooperation Among Cooperatives
While co-ops are independent of one another and run by autonomous individuals, they also need to work together harmoniously. Creating a larger … Concern For Community
All cooperatives focus on their internal communities, but they are also concerned with their local communities outside of the organization. Co-ops source ma… The cooperative principles are:
- 1. Voluntary and Open Membership The members are the most important part of a cooperative. Without dedicated and participating members, no co-op can succeed. ...
Principle 1: Voluntary and open membership 7 Principle 2: Democratic member control 7 Principle 3: Member economic participation 7 Principle 4: Autonomy and independence 7 Principle 5: Education, training and information 7 Principle 6: Co-operation among co-operatives 8 Principle 7: Concern for community 8
