First Principle: Voluntary and Open Membership
Co-operatives are voluntary organisations
, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender
, social, racial
, political, or religious discrimination
Second Principle: Democratic Member Control
Co-operatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives
are accountable to the membership. In primary co-operatives members have equal voting rights
(one member, one vote) and co-operatives at other levels are organised in a democratic manner.
Third Principle: Member Economic Participation
Members contribute equitably to, and democratically control, the capital
of their co-operative. At least part of that capital is usually the common property of the co-operative. They usually receive limited compensation
, if any, on capital subscribed as a condition of membership. Members allocate surplus
es for any or all of the following purposes: developing the co-operative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership.
Fourth Principle: Autonomy and Independence
Co-operatives are autonomous
, self-help organisations controlled by their members. If they enter into agreements with other organisations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy
Fifth Principle: Education, Training, and Information
Co-operatives provide education and training for their members, elected representatives, manager
s, and employee
s so they can contribute effectively to the development of their co-operatives. They inform the general public
-- particularly young people
and opinion leaders -- about the nature and benefits of co-operation.
Sixth Principle: Cooperation Among Co-operatives
Co-operatives serve their members most effectively and strengthen the co-operative movement by working together through local, national, regional, and international structures.
Seventh Principle: Concern for Community
While focusing on member needs, co-operatives work for the sustainable development
of their communities through policies accepted by their members.