![]() These Guidance Notes aim to state our understanding of the application of the Principles in contemporary terms for the 21st century.Formulated by the German physicist and Nobel laureate Werner Heisenberg in 1927, the uncertainty principle states that we cannot know both the position and speed of a particle, such as a photon or electron, with perfect accuracy the more we nail down the particle's position, the less we know about its speed and vice versa. In 2016, the ICA’s Principles Committee released the Guidance Notes on the Cooperative Principles, giving detailed guidance and advice on the practical application of the Principles to cooperative enterprise. Guidance Notes on the Cooperative Principles ![]() Concern for CommunityĬooperatives work for the sustainable development of their communities through policies approved by their members. Cooperation among CooperativesĬooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional and international structures. They inform the general public - particularly young people and opinion leaders - about the nature and benefits of co-operation. Education, Training, and InformationĬooperatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. 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 cooperative autonomy. Autonomy and IndependenceĬooperatives are autonomous, self-help organisations controlled by their members. Members allocate surpluses for any or all of the following purposes: developing their cooperative, possibly by setting up reserves, part of which at least would be indivisible benefiting members in proportion to their transactions with the cooperative and supporting other activities approved by the membership. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. ![]() At least part of that capital is usually the common property of the cooperative. Members contribute equitably to, and democratically control, the capital of their cooperative. In primary cooperatives members have equal voting rights (one member, one vote) and cooperatives at other levels are also organised in a democratic manner. Men and women serving as elected representatives are accountable to the membership. Democratic Member ControlĬooperatives are democratic organisations controlled by their members, who actively participate in setting their policies and making decisions. Voluntary and Open MembershipĬooperatives 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. The cooperative principles are guidelines by which cooperatives put their values into practice. In the tradition of their founders, cooperative members believe in the ethical values of honesty, openness, social responsibility and caring for others. Cooperative valuesĬooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity, and solidarity. A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
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