PEOPLE MEETING COMMON ECONOMIC, SOCIAL AND CULTURAL NEEDS TOGETHER
Multi-stakeholder co-operatives are co-ops that formally allow for governance by representatives of two or more “stakeholder” groups within the same organization, including consumers, producers, workers, volunteers or general community supporters.
This can help align the interests of otherwise competing stakeholders – producers and consumers, for example. They are appropriate when there is a need to plan long-term for the needs of various stakeholders and the normal market relationship is leading to inefficient short-term investment horizons.
Having only gained traction in the 1990s, multi-stakeholder co-ops are one of the newest models of co-operative.
The Aboriginal Medical Service Cooperative in Redfern provides culturally appropriate health care to Aboriginal and Torres Strait Islander communities in central NSW. The Aboriginal Medical Service in Redfern was the first Aboriginal Community Controlled Health Service in Australia and a founding member of the National Aboriginal Community Controlled Health Organisation.
Year established: 1971
Industry: Aboriginal and Torres Strait Islander
Hepburn Wind is the owner and operator of Australia’s first community-owned wind farm, at Leonards Hill, about 100km northwest of Melbourne, just south of Daylesford Victoria. The 4.1 MW wind farm hosts two turbines called Gale and Gusto, who produce enough clean energy for over 2000 homes.
Year established: 2007
Industry: Energy and Utilities