Financing and marketing management (1+1)

Unit 1 - Cooperation

1.3. Principles of cooperatives
International Co-operative Alliance (ICA) Reformulated Principles in 1995:
ICA as its centennial congress held in September 1995 reformulated the principles seven which is followed by ICA today, the first four set out the working methods of the Co-operatives, next two state what is essential for continued progress of the movement and last one legitimizes its existence in broader social context.
• 1st principle: Voluntary and Open Membership,
• 2nd principle: Democratic Member Control,
• 3rd principle: Member Economic Participation,
• 4th principle: Autonomy and Independence,
• 5th principle: Education, Training and Information,
• 6th principle: Cooperation among Cooperatives,
• 7th principle: Concern for the Community.