30 May 2018
Acuity Magazine
When it comes to cooperatives, CAs can address five pain points to help clients manage the business model that is popular among not-for-profits.
t’s easy to see why the cooperative business model is popular, particularly among organisations with a purpose beyond profit. Unlike company shareholders, every member of a cooperative is an equal decision-maker, and members make all decisions collectively.
“Cooperatives are run by the members for the members,” says Kevin Franey FCA, Partner, Audit & Assurance, TNR Chartered Accountants. Yet about half of all newly formed cooperatives don’t survive their first five years. So what pitfalls and pain points do cooperatives potentially face and how can CAs help?
Latest news
04 April 2024
Podcast: Benefits of Housing Co-ops with Linda Seaborn
Sage Godrei engages in a compelling conversation with Linda Seaborn, Senior Policy Advisor at the BCCM, shedding light on the advantages of the housing co-op model.
03 April 2024
Newcastle Building Society turns its focus to community and regional development
Newcastle Building Society is the first UK organisation to receive Mutual Value Measurement Accreditation, developed in Australia for the mutuals sector.
28 March 2024
‘Time is right’ for government-backed RMBS: Greg Medcraft
"The AFG chairman and former ASIC chair says the time is now right to bring about the competition inquiry’s ‘compelling’ recommendation for a public RMBS.