23 August 2018
Pro Bono Australia
The first official governance principles for cooperatives and mutuals in Australia have been released, hoping to promote effective member-focused governance in the sector.
The Co-operative and Mutual Enterprise (CME) Governance Principles were designed to clearly distinguish CMEs from investor-owned enterprise through its member ownership and governance.
The Business Council of Co-operatives and Mutuals (BCCM) – the peak body for CMEs – put together the principles over 18 months, with considerable input from cooperative and mutual businesses.
BCCM CEO Melina Morrison told Pro Bono News the release of these principles was extremely timely for the sector.