As cooperative businesses undergo a resurgence, directors need to be alert to the differences in the unique governance model of a democratically controlled organisation.
“Absolutely there’s a co-op resurgence,” says Melina Morrison MAICD, CEO of the Business Council of Co-operatives and Mutuals (BCCM), Australia’s peak body representing more than 2000 member-owned firms, including superannuation funds, motoring organisations, banks and agribusinesses. “Membership is growing across the world and we’re seeing startups responding to new areas of market failure. It’s the ninja economy — hiding in plain sight.”
Read full article, The value of sitting on a cooperative board, Australian Institute of Company Directors, 1 September 2019.