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Cooperative
From Wikipedia, the free encyclopedia
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned enterprise". Cooperatives are democratically owned by their members, with each member having one vote in electing the board of directors.
Cooperatives may include:
businesses owned and managed by the people who use their services (a consumer cooperative)
organizations managed by the people who work there (worker cooperatives)
multi-stakeholder or hybrid cooperatives that share ownership between different stakeholder groups. For example, care cooperatives where ownership is shared between both care-givers and receivers. Stakeholders might also include non-profits or investors.
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