Exercises · Q11
Q.List the seven principles of co-operation as laid down by the International Co-operative Alliance, in order.
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Start your 14-day free trial to unlock the full solution →The International Co-operative Alliance (ICA), in its 1995 statement on the co-operative identity, lays down seven principles of co-operation. In order, they are:
- Voluntary and Open Membership — co-operatives are voluntary bodies open to all eligible persons without discrimination.
- Democratic Member Control — members control the society democratically on the basis of one member, one vote.
- Member Economic Participation — members equitably contribute to and democratically control the capital; return on capital is limited and surplus is used as members decide.
- Autonomy and Independence — co-operatives are self-help organisations controlled by their members, retaining member control even when accepting outside capital or support.
- Education, Training and Information — co-operatives educate their members, representatives, managers and employees, and inform the public about co-operation.
- Co-operation among Co-operatives — co-operatives work together through local, regional, national and international structures.
- Concern for Community — while serving members, co-operatives work for the sustainable development of their community through member-approved policies. …
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