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What is a co-operative?
An organisation
in which:
- People working together
- Put their money together to form capital
- To run their own business
- Sharing the benefits fairly
- Investing in the future
- Doing work and providing services which the individual cannot do alone
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Co-Operative Principles
Guidelines as agreed by international Co-operative alliances
- Open membership
- Democratic control
- Limited interest on Share Capital
- Distribution of "Surplus" based on trading
- Education and development of members
- Co-operation between co-operatives
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Chain of Command
All the members
own the co-op.
They determine
broad policy.
Members elect
the board of management which implements the policy
and delegates running of the business to
Managers who
employ staff to work in the co-op
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