8/2/2019 Origins of the Co-operative Principles

1/1

Democratic Enterprise: Ethical busi

Origins of the co-operati

The co-operative principles th

Pioneers founded in 1844. Sin

recently in 1995 when the ICA a

The Rochdale Principles, as the

1. That capital should be2. That only the purest pr3. That full weight and me4. That market prices shou5. That profits should be

member.

6. That the principle ofequality of sexes in me

7. That the managemenperiodically.

8. That a definite percenta9. That frequent statemen

It is interesting to note some of

implemented in conjunction wi

how they operated a business

model see chapter 2); their cmaximising); and the introdu

performance of the co-operativ

finance is increasingly valued in

1Link4Life, Principles,

http://www.link4life.org/index.cfm

74, accessed 14 November 2011.

ness for the 21st century Co-operative Edu

Creative Commo

Case Study 1.1

e principles

at exist today originated with the Rochdale

e then the principles have been revised in 1

lso produced the Statement on the Co-operati

appeared in their annual almanac of 1960:1

f their own providing and bear a fixed rate of i

visions procurable should be supplied to mem

asure should be given.

ld be charged and no credit given or asked.

divided pro rata upon the amount of purch

one member one vote" should obtain in g

bership.

t should be in the hands of officers and

ge of profits should be allotted to education.

ts and balance sheets should be presented to

the business innovations and standards that th

th their contribution to co-operative principles.

strictly on cash (a great example of an effici

ommitment to providing quality produce at ftion of a system whereby information relati

e was made available to the members. Transpa

many sectors and organisations today.

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cation Trust Scotland

ns 3.0 Licence

ociety of Equitable

37, 1966, and most

e Identity.

terest.

bers.

ases made by each

vernment and the

committee elected

embers.

e Rochdale Pioneers

For instance, notice

ent working capital

ir prices (non profiting to the financial

rency with regard to

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