Co-op Values & Principles
Co-ops are based on values not unlike those we subscribe to individually, including self-responsibility, democracy, equality, honesty and social responsibility.
In addition to these common values, seven basic principles serve as guidelines to provide a democratic structure for co-ops around the world. While adoption of these principles is not required, most co-ops choose to adopt them for their business.
The seven principles are:
Ownership (who owns the co-op)
- Voluntary and open membership
- Democratic member control
Decision making (how decisions are made in a co-op)
- Member economic participation
- Autonomy and independence
Special Practices (the ways co-ops put their beliefs into action)
- Education, training and information
- Cooperation among cooperatives
- Concern for community