member governance

Member governance refers to how members of an organization, such as a cooperative or mutual company, participate in its decision-making process. Members typically have voting rights and influence major choices like electing leaders or approving policies. This structure ensures that control stays with those who have a stake in the organization’s success, fostering transparency and accountability. Unlike shareholders in a corporation, members often have a personal interest in the organization’s purpose and priorities, guiding its direction through their collective involvement and voting.