Co-operative Values and Principles

WE INSPIRE AND WORK /OPERATE IN ACCORDANCE WITH THE INTERNATIONAL CO-OPERATIVE VALUES AND PRINCIPLES AS FOLLOWS:


Co-operative values

  • Self-help - we help people to help themselves

  • Self-responsibility - we take responsibility for, and answer to our actions

  • Democracy - we give our members a say in the way we run our businesses

  • Equality - no matter how much money a member invests in their share account, they still have one vote

  • Equity - we carry out our business in a way that is fair and unbiased

  • Solidarity - we share interests and common purposes with our members and other co-operatives


Principles are the way we put our values into action

  • Voluntary and open membership - membership is open to everyone

  • Democratic member control - all members have an equal voice in making policies and electing representatives

  • Member economic participation - all profits are controlled democratically by members and for their benefit

  • Autonomy and independence - co-operatives are always independent, even when they enter into agreements with the Government and other organisations

  • Education, training and information - co-operatives educate and develop their members as well as their staff

  • Co-operation amongst co-operatives - co-operatives work together with other co operatives to strengthen the co-operative movement as a whole

  • Concern for community - co-operatives also work to improve and develop the community, both locally and internationally