Co-operative Values
Co-operatives throughout the world share a set of values that give them their distinctive character.
Self-help
In co-operatives, people help each other whilst helping themselves by working together for mutual benefit.
Self-responsibility
Individuals within co-operatives act responsibly and play a full part in the organisation.
Democracy
A co-operative will be structured so that members have control over the organisation – one member, one vote.
Equality
Each member will have equal rights and benefits (according to their contribution).
Equity
Members will be treated justly and fairly.
Solidarity
Members will support each other and other co-operatives.
Ethical Values
In the tradition of their founders, co-operative members believe in the ethical values of:
- Honesty
- Openness
- Social responsibility
- Caring for others
Co-operative Principles
The co-operative principles are guidelines by which co-operatives put their values into practice.
1st Principle: Voluntary and Open Membership
Co-operatives are voluntary organisations, open to all persons able to
use their services and willing to accept responsibilities of membership,
without gender, social, racial, political or religious discrimination.
2nd Principle: Democratic Member Control
Co-operatives are democratic organisations controlled by their members,
who actively participate in setting their policies and making decisions.
Men and women serving as elected representatives are accountable to the
membership. In primary co-operatives members have equal voting rights
(one member, one vote), and co operatives at other levels are also
organised in a democratic manner.
3rd Principle: Member Economic Participation
Members contribute equitably to, and democratically control, the capital
of their co-operative. At least part of that capital is usually the
common property of the co-operative. Members usually receive limited
compensation, if any, on capital subscribed as a condition of
membership. Members allocate surpluses for any of the following
purposes: developing their co-operative, possibly by setting up
reserves, part of which at least would be indivisible; benefiting
members in proportion to their transactions with the co-operative; and
supporting other activities approved by the membership.
4th Principle: Autonomy and Independence
Co-operatives are autonomous, self-help organisations controlled by
their members. If they enter into agreements with other organisations,
including governments, or raise capital from external sources, they do
so on terms that ensure democratic control by their members and maintain
their co-operative autonomy.
5th Principle: Education, Training and Information
Co-operatives provide education and training for their members, elected
representatives, managers and employees so they can contribute
effectively to the development of their co-operatives. They inform the
general public – particularly young people and opinion leaders – about
the nature and benefits of co-operation.
6th Principle: Co-operation Among Co-operatives
Co-operatives serve their members most effectively and strengthen the
Co-operative Movement by working together through local, national,
regional and international structures.
7th Principle: Concern for Community
Co-operatives work for the sustainable development of their communities through policies approved by their members