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Unit #3 Co-operative Principles, Legislation & Governance. Co-operative Principles & Values. Voluntary and open membership Democratic member control Member economic participation Autonomy and independence Education, training, and information Co-operation among co-operatives

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co operative principles values
Co-operative Principles & Values
  • Voluntary and open membership
  • Democratic member control
  • Member economic participation
  • Autonomy and independence
  • Education, training, and information
  • Co-operation among co-operatives
  • Concern for community
co operative legislation
Co-operative Legislation
  • Canada Co-operatives Act
  • Applies to co-ops that do business in two or more provinces or territories
  • NL Examples: Co-operators Group & Mountain Equipment Co-op
  • NL Co-operatives Act
  • Incorporates local co-ops & gives them legal status
  • Regulates operations including:
    • Member investment & profit sharing
    • Democratic processes
    • Limited member liability & board indemnification
    • Non-member investments
    • Financial & audit requirements
    • Dissolution of a co-op
co operative by laws
Co-operative By-Laws
  • The NL Act requires co-ops to develop by-Laws to govern their operations. By-laws address:
    • Structure and objectives of the co-op
    • Who can be a member
    • Member share purchase requirements
    • Meeting quorum & notification requirements
    • For profit or non-profit status
    • Distribution of profits
    • Board size, election, & term of office
    • Membership withdrawal & share pay outs
    • Role of officers, committees & manager
    • Bonding requirements
    • Procedures for by-law amendment
co operative policies
Co-operative policies
  • Articulate operational & service delivery procedures
  • Are developed by individual co-ops and articulated in:
    • Meeting minutes
    • Operational manuals
    • Member information kits
  • Build on the Co-op Act & by-laws by & address:
    • Procedures for decision-making
    • Actions to be taken in different situations
    • Stakeholder roles, responsibilities and authorities
common co operative policies
Common Co-operative Policies
  • Procedures for:
    • Hiring of staff, personnel policies, working conditions
    • Member & public relations
    • Gender equity & responding to harassment issues
    • Charitable donations & other community supports
    • Setting of service fees
    • Terms/conditions for access to services
    • Treatment/protections - members/customers/clients
    • Conflict of interest guidelines
    • Financial management & reporting
co op governance summary
Co-op Governance Summary
  • Co-op Principles
  • Canada Co-operatives Act
  • NL Co-operatives Act
  • Co-operative By-laws
  • Co-operative Operational Policies
  • Membership handbooks
  • Member/customer service procedures
preview of other units of module 1
Preview of Other Units of Module 1
  • Unit #4: The Existing Co-operative System
    • A review of the existing co-op system globally, in Canada & in Newfoundland & Labrador
  • Unit #5: Developing a Co-operative
    • What’s required for the successful establishment of a new co-operative at the community level
    • Steps involved in developing a new co-operative in Newfoundland & Labrador
    • Advisory & financial support services available in NL to assist the co-op development process.