Co-operative principles

All co-operatives are business owned and controlled by their members. Co-operative businesses should operate within seven internationally recognised co-operative principles.

Voluntary & Open Membership

Co-operatives are open-membership non disciminatory organisations.

Democratic Control

Co-operatives are democratic organisations controlled by their members, who actively participate in their decision-making processes. Representatives are elected and accountable to the membership.

Member Economic Participation

Members contribute equitably to, and democratically control, the capital of their co-operative.

Autonomy & Independence

Co-operatives are autonomous, self-help organisations controlled by their members. If they enter into agreements with other organisations, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.

Education, Training & Information

Co-operatives provide education and training for their members, their elected representatives, managers and employees so that 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.

Co-operating With Other 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.

Concern for the Community

Co-operatives work for the sustainable development of their communities through policies approved by their members.

For further information on Co-ops visit The Wales Co-operative Centre www.walescoop.com