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Comparison between Six of the Basic Co-operative Principles and their Social Economy Equivalents

ICMIF Strategic Review 1992

Co-operative Principles

Social Economy Principles

Open and Voluntary membership Free association
Democratic control founded on one member, one vote Democratic control founded on one member, one vote plus every user must be a member.
Limited interest on shares Surpluses generated by the organisation to be not for the purpose of profit.
Operation for the benefit of the user-members Quality of products and services
Co-operative education of members Personal development of employees and members
Co-operation among co-operatives To practise solidarity internally and externally - the principle of federalism.

Source: Not by Chance: A History of the International Co-operative and Mutual Insurance Federation (ICIMIF), Jim Kennedy, Holyoake Books, 1999, Manchester, UK. P177.

 

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