Governance of Cooperatives

Governance of cooperatives refers to the systems and processes through which these member-owned organizations make decisions and manage their operations. Typically, cooperatives operate democratically, meaning that each member has an equal vote, regardless of their investment. This structure ensures that members' needs and interests are prioritized. Governing bodies, usually elected by members, oversee activities, set policies, and ensure transparency. Effective governance fosters accountability, encourages member engagement, and promotes the cooperative's mission, helping it serve the community and achieve its goals while adhering to cooperative principles.