Let me introduce cooperatives to you through this video of one of my favorite co-operatives, Modo. Existing for more than 20 years, it’s one of the first car-sharing co-operatives in Canada. This car-sharing cooperative seemed to have predated the so-called “sharing economy” (i.e. Uber, Grab, AirBnb, etc.) by a couple of decades. Did this surprise…
Time flies just the same very year, but why does it always surprise us when it does? I was appointed secretary of the Cooperative Insurance System of the Philippines (CISP), an insurance co-operative, in the summer of 2017. At Cooperative Health Management Federation (CHMF), a healthcare co-operative, I have held the same position since its…
Bangko Sentral ng Pilipinas, 2014, pdf, 11 pp.
Gary V. Maningo, ADBI Working Paper Series, 2016, pdf, 24 pp.
Some of the most recognizable companies, including Land O’Lakes, REI, the Associated Press, Ace Hardware, and State Farm Insurance, are organized as cooperatives – firms owned by their suppliers, workers, or customers. Yet aside from isolated areas of the economy, cooperatives constitute only a small portion of American enterprise, which is otherwise dominated by investor-owned firms. Conventional wisdom assumes that firms either start as cooperatives or convert to cooperatives when cooperatives offer the highest ongoing benefits to owners, and it explains the lack of cooperatives by suggesting that cooperatives usually do not maximize ongoing benefits.
Surprisingly, however, the topic of the legal identity of cooperatives has not yet received the attention it deserves, even despite frequent warnings by eminent analysts about the “hybridization”, “companization” or “degeneration” of the cooperative model, which is a trend that may alter the natural and undoubted capacity of cooperatives to contribute to a better world, or at least to sustainable economic development.
Euricse’s mission is to promote knowledge development and innovation for the field of cooperatives, social enterprises and other nonprofit organizations engaged in the production of goods and services. The Institute aims to deepen the understanding of these types of organizations and their impact on economic and social development, furthering their growth and assisting them to work more effectively.
A Co‐operative Capital Unit (CCU) is defined within the Co-operatives Act WA (2009) as “[a]n interest issued by a co-operative conferring an interest in the capital, but not the share capital, of the co-operative” (Co-operatives Act 2009 (WA), Division 2, s257(1)). Therefore, a CCU holding does not carry the rights of co‐operative membership.