The seven cooperative principles are a vital part of any cooperative. In an employee-owned cooperative, these principles have to be understood and accepted. This is a big difference between employee-owned cooperatives and other employee ownership models.
C-Mac’s Board, management team and Staff Committee’s response to the Seven Principles of Cooperatives and values has been slow. Although they did not have prior understanding of these Principles, it was essential that when exposed to them, they would accept them as a reflection of their own personal values. Most of the members, after two years still need to sense merit in the Principles. Over time as members become more exposed to the cooperative principles and values, I am hoping they will come to view them as an operational foundation in all areas of the business.
Cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. In the tradition of their founders, cooperative members believe in the ethical values of … Read more