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- Responsibilities of a co-operative include12345:
- Displaying a co-operative name
- Holding an annual general meeting (AGM)
- Determining reporting requirements
- Keeping records
- Duties of directors and officers
- Informing the relevant authorities of changes
- Offering education and training to everyone involved
- Developing the co-op and promoting the benefits of co-operation
- Co-operating, working with and supporting other co-ops
- Supporting the communities it works with
- Providing a service that the community otherwise would not have
- Providing employment to local people
- Maintaining wage levels
- Keeping money in the local economy
- People helping each other whilst helping themselves by working together for mutual benefit
- Self-responsibility
- Democracy
- Patronizing the cooperative
- Being informed about the cooperative
- Being engaged in selection and evaluation of directors
- Providing necessary capital
- Evaluating the performance of the cooperative
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A co-op is an independent business, owned and controlled by its members. It offers education and training to everyone involved, so they can develop the co-op and promote the benefits of co-operation. It co-operates, works with and supports other co-ops. A co-op supports the communities it works with.www.uk.coop/understanding-co-ops/what-co-op/co …Responsibilities of a co-operative
- Displaying a co-operative name The co-operative's name must appear on its: common seal ...
- Annual general meeting The co-operative must hold its first annual general meeting (AGM) within 18 months of registration. ...
www.consumer.vic.gov.au/licensing-and-registratio…Co-operatives are often rooted in their local community, providing a service that the community otherwise would not have, providing employment to local people, maintaining wage levels and keeping money in the local economy.www.uk.coop/start-new-co-op/start/benefits-co-opIn co-operatives, people help each other whilst helping themselves by working together for mutual benefit. Self-responsibility Individuals within co-operatives act responsibly and play a full part in the organisation. Democracy A co-operative will be structured so that members have control over the organisation – one member, one vote.www.co-op.ac.uk/co-operative-values-and-principlesResponsibilities of cooperative membership includes:
- Patronize the cooperative.
- Be informed about the cooperative.
- Be engaged in selection and evaluation of directors.
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