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GOVERNANCE PRINCIPLES

The BCCM has published the first edition of the Co-operative and Mutual Enterprise (CME) Governance Principles, incorporating recommendations, guidance and commentary for effective member-focussed governance.

The publication follows an 18-month development and consultation process in partnership with the CME 100 Chairs’ Forum, members and governance experts.

About the Co-operative and Mutual Enterprise (CME) 100 Chairs’ Forum

The BCCM holds a CME 100 Chairs’ Forum bi-annually, bringing together the Chairs of co-operative and mutual enterprises to discuss issues facing the sector and the economy more broadly. Over the past two years the Chairs’ Forum has focussed on the development of governance principles for member-owned enterprises.

Foreword

The 1st edition of the CME Governance Principles has been developed by the Business Council of Co-operatives and Mutuals (BCCM) in partnership with the Co-operative and Mutual Enterprise (CME) 100 Chairs’ Forum.

The Chairs’ Forum was initiated by the BCCM in November 2015 to promote the development of the ‘highest standards of corporate governance’ in the co-operative and mutual sector.

The November 2017 Chairs’ Forum approved the release of a first exposure draft of this document for sector consultation, which involved collection of feedback via an online survey and from a reference group representing CMEs in different industries.

The March 2018 Chairs’ Forum and the subsequent final consultation period in April-May 2018 provided important confirmation and clarification of the purpose of this first iteration of the CME Governance Principles and Recommendations; it should be a resource that promotes good governance in the CME sector.

It is hoped that CME boards find it to be a concise document that can stand alone or complement other governance frameworks, and which provides useful suggestions for effective member-focussed governance.

Terry Agnew, Chair, BCCM

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