What is the importance of cooperative governance

For example, corporate governance committees can help mitigate risks by carefully managing the various interests of both shareholders and management.
Limiting risks can, in turn, reduce exposure to scandals and potential bad news headlines which may result in loss of customer loyalty.

Cooperative governance is a very important part of having a successful co-op's operational performance. Cooperatives are very complex social enterprises that require intensive knowledge of cooperative governance by their members and all stakeholders.

Cooperative governance is the act of steering cooperatively owned enterprises toward economic, social, and cultural success. It consists of answering key questions, defining roles and responsibilities, and establishing processes for setting expectations and ensuring accountability.

Categories