Co-oppundit 2012

FINANCE
“Finance in a member-controlled enterprise must not only be deployed so as to optimize its contribution to the achievement of the planned outcomes of the enterprise, it must also be arranged so that member-control is maintained”

Financing co-ops & mutuals

Member-controlled enterprises must be soundly financed so as to achieve the purpose of the enterprise, this means being financed to meet the following criteria:

• On a viable basis

• Sustainable and continuous (permanent)

• Providing leverage (the ability to borrow) when required

• Fully protecting member-control

• So as to maintain fairness and trust both for members and for any outside (non-member) investors

• Sustaining the practice of stewardship

Co-operatives and Mutuals - to be valued for what they deliver

last updated: February 2012 © Edgar Parnell 2012