What is a Co-operative?
A co-operative is a group of people who get together to meet their own needs at the lowest possible cost by forming a group where power is exercised democratically.
When you become a member of a co-operative, you become a co-owner and you earn the right to vote at annual general meetings. And, since co-operatives follow the “one member, one voice” principle, your vote carries the same weight as any other member’s vote.
The fundamental values of a co-operative are self-help, self-responsibility and responsibility for others, democracy, equality, equity and solidarity. The members of a cooperative follow a strict code of ethics based on honesty, openness, social responsibility and caring for others.
The 7 principles at the heart of organizing and running a cooperative
voluntary and open membership
the democratic exercise of power by members and their representatives
member economic participation in capital
autonomy and independence of the cooperative from governments and external interest groups
education, training, and information of members, officers and employees
cooperation among cooperatives
cooperative concern for the community
For more information about Co-ops visit the Ontario Co-operative Association website: http://www.ontario.coop