This document provides an overview of cooperatives worldwide and in the EU. It notes that there are over 3 million cooperatives globally employing 280 million people, with the 300 largest cooperatives having a turnover of $2 trillion in 2016. In the EU there are 131,000 cooperatives employing over 4.3 million people and generating €992 billion annually in turnover. While cooperatives have grown in economic importance, they face challenges from globalization, differing national laws, and governance issues. Lawmakers are discussing initiatives to establish a level playing field for cooperatives to compete with other businesses while maintaining their social missions.
This document provides a summary of a report titled "Business in Europe: Researching Reforms for Sustainable Growth". The report explores political, economic, socio-cultural, technological, environmental, and legal themes affecting the effectiveness of the UK-EU relationship through interviews with key influencers. On economic themes, the report finds that investors view European countries individually rather than as a single bloc. It also finds support for expanding the common market, particularly in services. While regulations are seen as necessary and sometimes enabling innovation, views on further harmonization are mixed.
The document discusses the Law 5/2011 of Social Economy in Spain. It originated to provide specific legislation for the social economy sector, which previously did not exist. The law defines social economy entities as those that pursue collective interests of members or the general interest through private economic activities. It applies to cooperatives, mutualities, foundations, associations, labor societies, and other organizations focused on employment and agriculture. The law fulfilled the constitutional mandate to recognize and promote the social economy in Spain.
The document is the 2010 report from the International Co-operative Alliance (ICA) identifying the largest 300 cooperatives in the world by revenue. It provides an overview of the cooperative sector's total revenue of $1.6 trillion, which would make it the 9th largest economy in the world. The report also includes breakdowns of revenue and rankings for the top 20 cooperatives in various industry sectors such as agriculture/forestry, banking/credit unions, and consumer retail.
Emerging powers in global covernance eu parnership with the un system in deve...Dr Lendy Spires
The document summarizes the development of the EU-UN partnership in development and humanitarian cooperation. It discusses how their partnership was described as "natural" due to shared values, objectives, and responsibilities regarding issues like the Millennium Development Goals. The partnership covers a wide range of issues from governance to emergency relief. However, the document notes that the EU's development policies and relationship with the UN developed strategically over time, rather than the EU simply accepting existing frameworks.
The document discusses the value chain imperative for financial institutions in light of recent international agreements and developments. It argues that responsible business conduct should extend throughout an institution's entire value chain, including the activities of its customers and investees. Financial institutions have an important role to play as enablers of sustainable development by using their leverage over clients and investments to create positive social and environmental value. The document outlines initiatives financial institutions could take to strengthen risk management, enhance due diligence, and increase responsible practices and transparency through integrated reporting on material issues.
This document discusses the influence that the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have on EU tax policy through various channels. It notes that despite evidence that these firms facilitate corporate tax avoidance, they continue to advise the EU on tackling tax avoidance through positions on advisory groups and by receiving millions in public contracts. The document also provides two case studies that illustrate how the Big Four and multinational corporations lobby the EU to weaken proposed transparency rules and country-by-country reporting. It concludes that the Big Four have conflicts of interest due to their role in tax avoidance, and should be removed from advising the EU on related policy.
This document introduces the European Commission's Social Business Initiative to create a favorable environment for social enterprises. It aims to promote inclusive growth through social innovation and entrepreneurship. The Commission recognizes that social enterprises employ over 11 million people in the EU and contribute to the Europe 2020 strategy goals. The initiative includes an action plan to improve access to funding, increase visibility, and improve the legal environment for social businesses.
This document provides a summary of a report titled "Business in Europe: Researching Reforms for Sustainable Growth". The report explores political, economic, socio-cultural, technological, environmental, and legal themes affecting the effectiveness of the UK-EU relationship through interviews with key influencers. On economic themes, the report finds that investors view European countries individually rather than as a single bloc. It also finds support for expanding the common market, particularly in services. While regulations are seen as necessary and sometimes enabling innovation, views on further harmonization are mixed.
The document discusses the Law 5/2011 of Social Economy in Spain. It originated to provide specific legislation for the social economy sector, which previously did not exist. The law defines social economy entities as those that pursue collective interests of members or the general interest through private economic activities. It applies to cooperatives, mutualities, foundations, associations, labor societies, and other organizations focused on employment and agriculture. The law fulfilled the constitutional mandate to recognize and promote the social economy in Spain.
The document is the 2010 report from the International Co-operative Alliance (ICA) identifying the largest 300 cooperatives in the world by revenue. It provides an overview of the cooperative sector's total revenue of $1.6 trillion, which would make it the 9th largest economy in the world. The report also includes breakdowns of revenue and rankings for the top 20 cooperatives in various industry sectors such as agriculture/forestry, banking/credit unions, and consumer retail.
Emerging powers in global covernance eu parnership with the un system in deve...Dr Lendy Spires
The document summarizes the development of the EU-UN partnership in development and humanitarian cooperation. It discusses how their partnership was described as "natural" due to shared values, objectives, and responsibilities regarding issues like the Millennium Development Goals. The partnership covers a wide range of issues from governance to emergency relief. However, the document notes that the EU's development policies and relationship with the UN developed strategically over time, rather than the EU simply accepting existing frameworks.
The document discusses the value chain imperative for financial institutions in light of recent international agreements and developments. It argues that responsible business conduct should extend throughout an institution's entire value chain, including the activities of its customers and investees. Financial institutions have an important role to play as enablers of sustainable development by using their leverage over clients and investments to create positive social and environmental value. The document outlines initiatives financial institutions could take to strengthen risk management, enhance due diligence, and increase responsible practices and transparency through integrated reporting on material issues.
This document discusses the influence that the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have on EU tax policy through various channels. It notes that despite evidence that these firms facilitate corporate tax avoidance, they continue to advise the EU on tackling tax avoidance through positions on advisory groups and by receiving millions in public contracts. The document also provides two case studies that illustrate how the Big Four and multinational corporations lobby the EU to weaken proposed transparency rules and country-by-country reporting. It concludes that the Big Four have conflicts of interest due to their role in tax avoidance, and should be removed from advising the EU on related policy.
This document introduces the European Commission's Social Business Initiative to create a favorable environment for social enterprises. It aims to promote inclusive growth through social innovation and entrepreneurship. The Commission recognizes that social enterprises employ over 11 million people in the EU and contribute to the Europe 2020 strategy goals. The initiative includes an action plan to improve access to funding, increase visibility, and improve the legal environment for social businesses.
This document provides updates on cooperative activities around the world and at the ILO. It discusses events celebrating International Day of Cooperatives in many countries. It also summarizes legislative reforms supporting cooperatives in various nations and technical support requests received by the ILO. Finally, it previews upcoming global meetings on cooperatives and their potential to strengthen the sector.
The article provides a conceptual analysis of four key issues in the IPSASB's proposed conceptual framework for public sector financial reporting:
1. The meaning of "conceptual framework" which could cause misunderstandings if not clearly defined.
2. The objectives of accountability and decision-usefulness create tension that the framework does not adequately address. Priority should be given to one over the other.
3. The scope of public sector financial reporting is broader than private sector but this is not fully reflected in the framework.
4. The qualitative characteristics proposed need revision to better reflect the priorities and trade-offs in public sector reporting. Specifically, the characteristics of faithful representation and relevance require redefinition for the public
The document describes the World Co-operative Monitor project, which aims to collect economic, organizational, and social data on large cooperatives worldwide. It outlines the methodology used, including defining the population studied as cooperatives, mutuals, and related organizations. Key aspects of the methodology are developing a questionnaire to collect data directly from cooperatives and integrating existing cooperative databases. The document provides details on the indicators collected, including financial metrics like turnover, and the process of collecting and analyzing data to create a comprehensive database on the global cooperative economy.
The OECD report finds that income inequality has been rising in most OECD countries over the past two decades. Regulatory reforms to product and labor markets that were intended to boost employment and growth have also contributed to widening wage disparities. While economic growth has occurred, the benefits have disproportionately favored the rich over the poor and middle-class in many countries. If left unaddressed, growing inequality could undermine social cohesion.
The document summarizes the European Commission's Green Paper on the Capital Markets Union. It discusses how the Capital Markets Union aims to diversify and stimulate Europe's financing environment by improving the efficiency and functioning of its capital markets. Currently, Europe relies too heavily on bank financing compared to countries like the US which have more developed capital markets. The Green Paper seeks input on a wide range of issues to develop Europe's capital markets and move the EU model closer to that of the US over time.
The document summarizes the conclusions from the 9th European Economic Congress held in Poland in May 2017. Key topics discussed included the future of the European Union given political shifts toward populism and economic protectionism, the integrity of the EU common market, and how to regain citizen confidence in the EU. Regarding the economy, debates focused on corporate social responsibility, the role of the state in regulating capitalism to address its faults, and challenges in the labor market around skills mismatches and intergenerational differences. The overall message was that while the EU faces uncertainties and divisions, further integrating and taking responsibility rather than dividing will best build European prosperity.
CIES is a non-profit foundation established in 1992 in Barcelona that conducts research and training on corporate social responsibility (CSR) and social economy. It partners with universities and organizations to promote CSR and a sustainable economic model. CIES analyzed the socioeconomic impact of social economy enterprises in Spain, finding they generate billions annually for social cohesion, provide over 2 million jobs, and support workers from vulnerable groups. The disappearance of these social enterprises would significantly affect employment and social services. CIES recommends strengthening collaboration between the third sector and universities, consolidating the values of social economy, and improving representation and identification of the third sector.
Two Tiers Of Representation And Policy The Eu And The Future Of ...legal3
This document discusses two tiers of representation in the EU - associative states and company states. Associative states emphasize representation through business associations that consider a range of interests, while company states favor direct representation of individual firms. The EU system incorporates both models, but some argue big business has more influence. The document also discusses the EU's interest in football in relation to competition policy and establishing legitimacy with citizens, noting debates around the level of EU involvement in the sport.
Two Tiers Of Representation And Policy The Eu And The Future Of ...legal2
This document summarizes and analyzes the representation of football in the European Union through two frameworks - the associative state model and the company state model. It discusses the formation and goals of the G-14 organization, which represents large European clubs and advocates for the commercial interests of football. It also discusses UEFA's role and how it emphasizes principles of solidarity over commercial interests. The document examines the EU's involvement in football from perspectives of competition policy, its role as a regulatory state, and its goal of increasing legitimacy among European citizens. It analyzes the tensions between viewing football as primarily an economic activity versus a social one.
This document summarizes the key points of a paper on the role of business in civil society governance. It discusses how civil society organizations (CSOs) and businesses are increasingly forming strategic alliances to achieve their objectives. Such alliances allow them to share risks, resources, and complementary skills. However, they also carry risks related to incompatible cultures and objectives between the partners. The document uses the example of Hindustan Unilever Limited in India to illustrate how alliances with local CSOs and governments helped the company expand into rural markets among low-income populations. Overall, the strategic alliances are changing the governance of CSOs by increasing emphasis on performance measurement, accountability, and aligning more with business partners'
This document provides an overview of the Global Wage Report 2014/15, which analyzes trends in average wages and the role of wages in income inequality. It finds that between 2006-2013, real wage growth was driven by emerging and developing economies, while wages in developed economies generally stagnated or declined. The report also examines how wages and changes in employment affect inequality levels in different countries. It concludes that coordinated policies around wages, employment, social protection and other areas are needed to simultaneously increase growth and reduce inequality.
Dr Rory Ridley-Duff- the contribution of co-operatives to social enterpriseTim Curtis
This document summarizes and compares different models of social enterprises and cooperatives. It discusses theories that socialize either the tasks or power structures of enterprises. It also provides examples of the historical role of cooperatives in the UK and compares the Mondragon cooperative model to traditional corporate models, noting higher staff voice, efficiency and social investment in Mondragon.
Jonathan Russell became Chairman of the EVCA in June 2008 at a challenging time for the private equity industry, as there is pressure from Brussels for new regulations. As Chairman, Russell aims to ensure any new legislation considers the consequences for businesses and the European economy without unduly restricting the industry. Private equity contributes to growth and innovation across Europe, though its impact on employment is a concern. By the end of his one-year term, Russell hopes to have established definitive industry data and entered into productive dialogue with the European Commission regarding new regulations.
ICMA has prepared a paper for policy makers about why corporate bond markets are so important for economic growth, for investors, for companies, and for governments, around the world; and why it is therefore essential that laws and regulations that affect them avoid any unintended adverse consequences that could inhibit those markets.
This document outlines an assignment for a global influences module that requires a 3,000 word individual reflection paper and presentation. It includes three questions that must be answered: 1) Do you agree with the claim that the world is borderless? Support your answer with 3 reasons. 2) What are some features of the ASEAN regional grouping and their implications for members? 3) What is your understanding of Brexit and express your views on the UK's exit from the EU. The document provides examples of how to structure responses for each question, including referencing research materials to support points.
Humanizing the Economy with John Restakis, 5.31.12NFCACoops
John Restakis, executive director of the British Columbia Co-op Association and author of “Humanizing the Economy: Co-operatives in the Age of Capital,” asserts that it is the disconnection between conventional economics and social ends that lies at the heart of our economic crisis, and that co-operatives offer a powerful economic model to reconnect and relate social goals with economic practice.
Introduction This paper looks at the global importance of.pdfbkbk37
This document discusses several topics related to international trade and finance. It begins with an introduction on the importance of financial markets, international trade, and governance to the global economy. It then provides background on the UK financial market and how it contributes significantly to the UK economy. Next, it discusses capital allocation within domestic and international economies and the various methods used by the UK to allocate capital internationally, such as mergers and acquisitions. It also evaluates the economy of the United Arab Emirates, which relies heavily on oil exports. Finally, it notes some challenges faced by the UAE related to industrialization and trade policies, including issues like emigration, unequal income distribution, intellectual property theft, and economic warfare.
The document discusses several topics related to health and science:
- Professor Giles Vassal from the European Society for Paediatric Oncology outlines the importance of tackling cancer in children and adolescents in Europe.
- Gill Collinson from the National STEM Centre highlights the significance of STEM (science, technology, engineering and mathematics) education.
- Judith Shapiro from the Carbon Capture and Storage Association asks if carbon capture and storage can help Europe meet its climate change goals as outlined in the upcoming 2015 Energy Bill.
MS60056E International Trade Finance And Investment.docxstirlingvwriters
The document discusses international trade finance and investment. It provides background on financial markets in the UK, noting that the UK financial market contributes significantly to GDP and employment. It also discusses capital allocation within domestic and international economies. Capital allocation involves distributing resources in a way that maximizes returns and enhances efficiency. Within the UK, capital is allocated to small businesses and infrastructure development. Internationally, the UK allocates capital through mergers and acquisitions, foreign direct investment, and trade.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
This document provides updates on cooperative activities around the world and at the ILO. It discusses events celebrating International Day of Cooperatives in many countries. It also summarizes legislative reforms supporting cooperatives in various nations and technical support requests received by the ILO. Finally, it previews upcoming global meetings on cooperatives and their potential to strengthen the sector.
The article provides a conceptual analysis of four key issues in the IPSASB's proposed conceptual framework for public sector financial reporting:
1. The meaning of "conceptual framework" which could cause misunderstandings if not clearly defined.
2. The objectives of accountability and decision-usefulness create tension that the framework does not adequately address. Priority should be given to one over the other.
3. The scope of public sector financial reporting is broader than private sector but this is not fully reflected in the framework.
4. The qualitative characteristics proposed need revision to better reflect the priorities and trade-offs in public sector reporting. Specifically, the characteristics of faithful representation and relevance require redefinition for the public
The document describes the World Co-operative Monitor project, which aims to collect economic, organizational, and social data on large cooperatives worldwide. It outlines the methodology used, including defining the population studied as cooperatives, mutuals, and related organizations. Key aspects of the methodology are developing a questionnaire to collect data directly from cooperatives and integrating existing cooperative databases. The document provides details on the indicators collected, including financial metrics like turnover, and the process of collecting and analyzing data to create a comprehensive database on the global cooperative economy.
The OECD report finds that income inequality has been rising in most OECD countries over the past two decades. Regulatory reforms to product and labor markets that were intended to boost employment and growth have also contributed to widening wage disparities. While economic growth has occurred, the benefits have disproportionately favored the rich over the poor and middle-class in many countries. If left unaddressed, growing inequality could undermine social cohesion.
The document summarizes the European Commission's Green Paper on the Capital Markets Union. It discusses how the Capital Markets Union aims to diversify and stimulate Europe's financing environment by improving the efficiency and functioning of its capital markets. Currently, Europe relies too heavily on bank financing compared to countries like the US which have more developed capital markets. The Green Paper seeks input on a wide range of issues to develop Europe's capital markets and move the EU model closer to that of the US over time.
The document summarizes the conclusions from the 9th European Economic Congress held in Poland in May 2017. Key topics discussed included the future of the European Union given political shifts toward populism and economic protectionism, the integrity of the EU common market, and how to regain citizen confidence in the EU. Regarding the economy, debates focused on corporate social responsibility, the role of the state in regulating capitalism to address its faults, and challenges in the labor market around skills mismatches and intergenerational differences. The overall message was that while the EU faces uncertainties and divisions, further integrating and taking responsibility rather than dividing will best build European prosperity.
CIES is a non-profit foundation established in 1992 in Barcelona that conducts research and training on corporate social responsibility (CSR) and social economy. It partners with universities and organizations to promote CSR and a sustainable economic model. CIES analyzed the socioeconomic impact of social economy enterprises in Spain, finding they generate billions annually for social cohesion, provide over 2 million jobs, and support workers from vulnerable groups. The disappearance of these social enterprises would significantly affect employment and social services. CIES recommends strengthening collaboration between the third sector and universities, consolidating the values of social economy, and improving representation and identification of the third sector.
Two Tiers Of Representation And Policy The Eu And The Future Of ...legal3
This document discusses two tiers of representation in the EU - associative states and company states. Associative states emphasize representation through business associations that consider a range of interests, while company states favor direct representation of individual firms. The EU system incorporates both models, but some argue big business has more influence. The document also discusses the EU's interest in football in relation to competition policy and establishing legitimacy with citizens, noting debates around the level of EU involvement in the sport.
Two Tiers Of Representation And Policy The Eu And The Future Of ...legal2
This document summarizes and analyzes the representation of football in the European Union through two frameworks - the associative state model and the company state model. It discusses the formation and goals of the G-14 organization, which represents large European clubs and advocates for the commercial interests of football. It also discusses UEFA's role and how it emphasizes principles of solidarity over commercial interests. The document examines the EU's involvement in football from perspectives of competition policy, its role as a regulatory state, and its goal of increasing legitimacy among European citizens. It analyzes the tensions between viewing football as primarily an economic activity versus a social one.
This document summarizes the key points of a paper on the role of business in civil society governance. It discusses how civil society organizations (CSOs) and businesses are increasingly forming strategic alliances to achieve their objectives. Such alliances allow them to share risks, resources, and complementary skills. However, they also carry risks related to incompatible cultures and objectives between the partners. The document uses the example of Hindustan Unilever Limited in India to illustrate how alliances with local CSOs and governments helped the company expand into rural markets among low-income populations. Overall, the strategic alliances are changing the governance of CSOs by increasing emphasis on performance measurement, accountability, and aligning more with business partners'
This document provides an overview of the Global Wage Report 2014/15, which analyzes trends in average wages and the role of wages in income inequality. It finds that between 2006-2013, real wage growth was driven by emerging and developing economies, while wages in developed economies generally stagnated or declined. The report also examines how wages and changes in employment affect inequality levels in different countries. It concludes that coordinated policies around wages, employment, social protection and other areas are needed to simultaneously increase growth and reduce inequality.
Dr Rory Ridley-Duff- the contribution of co-operatives to social enterpriseTim Curtis
This document summarizes and compares different models of social enterprises and cooperatives. It discusses theories that socialize either the tasks or power structures of enterprises. It also provides examples of the historical role of cooperatives in the UK and compares the Mondragon cooperative model to traditional corporate models, noting higher staff voice, efficiency and social investment in Mondragon.
Jonathan Russell became Chairman of the EVCA in June 2008 at a challenging time for the private equity industry, as there is pressure from Brussels for new regulations. As Chairman, Russell aims to ensure any new legislation considers the consequences for businesses and the European economy without unduly restricting the industry. Private equity contributes to growth and innovation across Europe, though its impact on employment is a concern. By the end of his one-year term, Russell hopes to have established definitive industry data and entered into productive dialogue with the European Commission regarding new regulations.
ICMA has prepared a paper for policy makers about why corporate bond markets are so important for economic growth, for investors, for companies, and for governments, around the world; and why it is therefore essential that laws and regulations that affect them avoid any unintended adverse consequences that could inhibit those markets.
This document outlines an assignment for a global influences module that requires a 3,000 word individual reflection paper and presentation. It includes three questions that must be answered: 1) Do you agree with the claim that the world is borderless? Support your answer with 3 reasons. 2) What are some features of the ASEAN regional grouping and their implications for members? 3) What is your understanding of Brexit and express your views on the UK's exit from the EU. The document provides examples of how to structure responses for each question, including referencing research materials to support points.
Humanizing the Economy with John Restakis, 5.31.12NFCACoops
John Restakis, executive director of the British Columbia Co-op Association and author of “Humanizing the Economy: Co-operatives in the Age of Capital,” asserts that it is the disconnection between conventional economics and social ends that lies at the heart of our economic crisis, and that co-operatives offer a powerful economic model to reconnect and relate social goals with economic practice.
Introduction This paper looks at the global importance of.pdfbkbk37
This document discusses several topics related to international trade and finance. It begins with an introduction on the importance of financial markets, international trade, and governance to the global economy. It then provides background on the UK financial market and how it contributes significantly to the UK economy. Next, it discusses capital allocation within domestic and international economies and the various methods used by the UK to allocate capital internationally, such as mergers and acquisitions. It also evaluates the economy of the United Arab Emirates, which relies heavily on oil exports. Finally, it notes some challenges faced by the UAE related to industrialization and trade policies, including issues like emigration, unequal income distribution, intellectual property theft, and economic warfare.
The document discusses several topics related to health and science:
- Professor Giles Vassal from the European Society for Paediatric Oncology outlines the importance of tackling cancer in children and adolescents in Europe.
- Gill Collinson from the National STEM Centre highlights the significance of STEM (science, technology, engineering and mathematics) education.
- Judith Shapiro from the Carbon Capture and Storage Association asks if carbon capture and storage can help Europe meet its climate change goals as outlined in the upcoming 2015 Energy Bill.
MS60056E International Trade Finance And Investment.docxstirlingvwriters
The document discusses international trade finance and investment. It provides background on financial markets in the UK, noting that the UK financial market contributes significantly to GDP and employment. It also discusses capital allocation within domestic and international economies. Capital allocation involves distributing resources in a way that maximizes returns and enhances efficiency. Within the UK, capital is allocated to small businesses and infrastructure development. Internationally, the UK allocates capital through mergers and acquisitions, foreign direct investment, and trade.
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Starting a business is like embarking on an unpredictable adventure. It’s a journey filled with highs and lows, victories and defeats. But what if I told you that those setbacks and failures could be the very stepping stones that lead you to fortune? Let’s explore how resilience, adaptability, and strategic thinking can transform adversity into opportunity.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...BBPMedia1
Nathalie zal delen hoe DEI en ESG een fundamentele rol kunnen spelen in je merkstrategie en je de juiste aansluiting kan creëren met je doelgroep. Door middel van voorbeelden en simpele handvatten toont ze hoe dit in jouw organisatie toegepast kan worden.
NIMA2024 | De toegevoegde waarde van DEI en ESG in campagnes | Nathalie Lam |...
EPRS_BRI(2019)635541_EN.pdf
1. BRIEFING
EPRS | European Parliamentary Research Service
Author: Cemal Karakas
Members' Research Service
PE 635.541 – February 2019 EN
Cooperatives: Characteristics,
activities, status, challenges
SUMMARY
Cooperatives are autonomous associations of people aspiring to achieve their objectives through a
jointly owned and democratically controlled enterprise. International organisations, such as the
United Nations and the European Union (EU), value the role cooperatives play for society, the
economy and (international) development.
There are 3 million cooperatives worldwide; together, they provide employment for 280 million
people, equating to 10 % of the world's employed population. The 300 largest cooperatives and
mutuals in the world had a total turnover of US$2.018 trillion in 2016. In the EU there are some
131 000 cooperatives, with more than 4.3 million employees and an annual turnover of €992 billion.
While cooperatives have grown in importance for the (social) economy over the past four decades,
they face both long-standing and new challenges, resulting from globalisation or the presence of
myriad national laws, but also from organisational and governance issues. Cooperatives have
become more product-based and less region-based (in terms of member representation). In
addition, cross-border-oriented cooperatives and producer organisations often experience legal
uncertainty because of the absence or inconsistent application of international legislation.
Policy- and law-makers are currently discussing a number of initiatives aimed at creating a level
playing field for cooperatives, both in the EU and globally, that would allow them to compete with
investor-oriented firms without giving up their social and cultural orientation. An enabling
European legal framework could provide transversal recognition of the cooperative business model
across the different sectors of the economy. While small and emerging cooperatives need more
targeted funding, and assistance with capacity-building and organisational aspects, larger
cooperatives require more EU and national-level support in order to achieve their aims in terms of
professionalisation.
In this Briefing
Introduction
Characteristics and identity
Economic activities
Legal status at national and EU level
Governance aspects
Challenges faced by cooperatives
Commission and Parliament stance on
cooperatives
Outlook
Annex
2. EPRS | European Parliamentary Research Service
2
Introduction
Cooperatives are a multi-faceted phenomenon. The International Cooperative Alliance (ICA) defines
them as follows: 'A cooperative is an autonomous association of persons united voluntarily to meet
their common economic, social and cultural needs and aspirations through a jointly owned and
democratically controlled enterprise'.1
Over the past four decades, the importance of cooperatives for the economy has grown. According
to popular social (capital) and economic theories, the added value of cooperatives is manifold: they
realise economies of scale, create markets and give access to (long-distance) markets, manage risks
(e.g. for farmers via pooling), increase market efficiency (e.g. through competition with traders with
a high mark-up), reduce transaction costs (e.g. by standardising contracts and organising quality
controls) and promote innovation (e.g. in niche products). In addition, a large market share for
regional cooperatives can decrease price volatility (in the agricultural sector, with regard to dairy
products in particular). In comparison with profit-maximising investor-owned firms, cooperatives
are considered better at: coping with economic crises; driving economic development in low- to
middle-income countries; reinvesting surpluses; promoting local communities and social inclusion;
and ensuring their members' (democratic) participation.2
As a token of the international
community's appreciation for the contribution cooperatives make to society and the economy, the
UN declared 2012 the International Year of Cooperatives.
However, cooperatives face some challenges in their interaction with law-makers in the EU and
abroad. Recent EU initiatives, such as those focused on the collaborative economy or on unfair
trading practices (UTPs) in the food-supply chain, have triggered a public debate about
cooperatives, in which they themselves also take part.
Characteristics and identity
According to the Commission, cooperatives have several defining characteristics: 1) they are open
and voluntary associations; 2) they have a democratic structure, with each member having one vote;
and 3) they have an equitable and fair distribution of economic results based on the volume of
operations made through them. In this regard, cooperatives are enterprises that serve the needs of
their members, who, in turn, contribute to the cooperatives' capital.
The Commission's characteristics are based mainly on the 1995 International Cooperative Alliance's
revised mission statement on cooperative identity. The mission statement contains the definition of
a cooperative, the values that cooperatives should espouse, and the seven principles that they
should abide by, namely: (1) voluntary and open membership; (2) democratic member control;
(3) economic participation of members; (4) autonomy and independence; (5) education, training
and information; (6) cooperation among cooperatives; and (7) concern for community. Although
these principles are not binding, some experts insist that they have a legal nature, as they were
adopted by the International Labour Organization (ILO) in its Recommendation 193/2002.
According to those experts, the ILO recommendation should be considered a source of public
international law.
Regarding the ICA principles, there is a diverging perception and implementation record. Some
countries refer explicitly to the ICA norms in their national laws (e.g. Spanish Cooperative Act
27/1999, Portuguese Cooperative Code 51/1996 or Romanian Cooperative Act 1/2005), others do
not mention them (e.g. Luxembourg).
On the other hand, some experts argue that many ICA norms are too vague, one such example being
the membership issue. According to the ICA principles, a cooperative has the purpose of engaging
in transactions with its members, but it does not set itself the aim of providing a return on the capital
provided by members, as is the case, for instance, in investor-owned firms. While the capital-based
remuneration of members is limited, the surpluses are distributed to members, often in proportion
to transactions with the cooperative.
3. Cooperatives: Characteristics, activities, status, challenges
3
Most EU Member States' national laws on cooperatives – such as the Bulgarian, Cypriot, Danish,
Maltese and Norwegian law – have no provisions regarding investor-members (such members do
not use the services of the cooperative and their voting rights are limited), which might be
interpreted as a denial of their admissibility. Other Member States, e.g. Austria or Germany, allow
cooperative statutes to provide for the admissibility of investor-members. In yet other Member
States, such as Finland, the definition of cooperative included in the cooperative laws not only refers
to the relationship between cooperatives and their members but also permits the carrying out of
activities with non-members, should the cooperative statutes so provide. This model was also
adopted for the SCE Regulation (see 'Legal status at national and EU level' below).
Economic activities
According to a 2018 report on Exploring the Cooperative Economy, produced by the ICA and the
European Research Institute on Cooperative and Social Enterprises (EURICSE), cooperatives play an
important role in the global economy. For the purposes of the report, economic and social data were
collected from 2 575 cooperative enterprises and mutual organisations3
around the world. As
regards the financial aspects, the report established that in the reference year 2016, the 300 largest
cooperatives and mutuals had a total turnover of US$2 018 trillion (compared to US$2 164 trillion in
2015).4
According to the report, there are 3 million cooperatives worldwide, which together provide
jobs for some 280 million persons, or 10 % of the world's employed population.
The economic activities of cooperatives are diverse. In 2016, for instance, 33 % of all cooperatives
(participating in the survey) operated in the agriculture and food industry; 19 % dealt with banking
and financial services; 16 % were in other services (e.g. business services, transport,
communications); 7 % were in industry and utilities; 6 % were insurance cooperatives and mutuals;
and 4 % operated in the health, education and social care sectors.5
Some 50 % of the
2 575 cooperatives surveyed come under the European Commission's definition of small and
medium-sized enterprises (SMEs) in terms of their yearly turnover (up to €50 million).6
In 2016, the world's five largest cooperatives (in terms of turnover) came from Europe and Japan:
Groupe Crédit Agricole (France, banking and financial services), with a turnover of US$90.16 billion;
Groupe BPCE (France, banking and financial services), with US$67.78 billion; BVR (Germany, banking
and financial services) with US$55.36 billion; Zenkyoren (Japan, insurance), with US$54.62 billion;
and REWE Group (Germany, wholesale and retail trade) with US$54.57 billion.7
Taking a closer look at Europe and the EU, we could say that cooperative enterprises make a huge
contribution to the European social economy. According to the 2016 report entitled The power of
cooperation (with 2015 as its reference year), published by Cooperatives Europe, the ICA's regional
office, there were some 176 500 cooperative enterprises in Europe as a whole, with more than
4.7 million employees; of these, 131 000 cooperatives with more than 4.3 million employees were
located in the EU Member States.8
The total turnover of European cooperatives was €1 004 trillion;
more than €992 billion of this amount was generated in the EU Member States. In Europe as a whole,
more than 141 million – 17 % of the continent's population – were members of a cooperative (in the
EU: more than 127 million). Between 2009 and 2015, the number of cooperative enterprises in
Europe increased by 12 %, and of members by 14 %.9
A comparison by sector, number of employees and turnover reveals interesting facts. For instance,
the retail sector, with less than 1 % of enterprises, accounts for a turnover of almost 30 %, whereas
the industry and services sector, with most employees and enterprises, accounts for less than 10 %
of the total turnover of cooperatives – probably, because it numbers more SMEs (see Figure 1).
4. EPRS | European Parliamentary Research Service
4
A comparison of countries shows that, in 2015, Italy (39 600), Turkey (33 857), France (22 517) and
Spain (20 050) had the largest numbers of cooperatives in Europe.
France (26 106 829), Germany (22 200 000), the Netherlands (16 912 900), the United Kingdom
(14 919 093) and Italy (12 620 000) had the largest numbers of members of cooperatives in Europe.
France (1 217 466), Italy (1 150 200), Germany (860 000), Poland (300 000) and Spain (290 221) had
the highest numbers of cooperative employees in Europe.
Cooperatives in France (€307 billion), Germany (€195 billion), Italy (€150 billion) and the
Netherlands (€81 billion) had the highest annual turnover in Europe.
According to Commission research, cooperatives hold substantial market shares in several industries:
- agriculture – 83 % in the Netherlands, 79 % in Finland, 55 % in Italy and 50 % in France;
- forestry – 60 % in Sweden and 31 % in Finland;
- banking – 50 % in France, 37 % in Cyprus, 35 % in Finland, 31 % in Austria and 21 % in
Germany;
- retail – 36 % in Finland and 20 % in Sweden;
- pharmaceuticals and health care – 21 % in Spain and 18 % in Belgium.
Since agriculture is an important sector for cooperatives, it deserves a closer look. Cooperatives have
a strong market presence in the European food supply chain. According to a 2014 report entitled
Development of Agricultural Cooperatives in the EU and published by COGECA (General
Confederation of Agricultural Cooperatives in the European Union), in 2013 the total turnover of all
agricultural cooperatives added up to €347 billion. In the same year, there were roughly
22 000 cooperatives with some 6.2 million members. The 100 largest agricultural cooperatives
demonstrated a significant growth trend: from 2011 to 2013, total turnover had grown by 18 %.
Figure 1 – European cooperatives by sector/number of employees/turnover, 2015 (%)
Data source: Cooperatives Europe, The power of cooperation – Cooperatives Europe key figures 2015.
5. Cooperatives: Characteristics, activities, status, challenges
5
Legal status at national and EU level
While national laws on cooperatives provide for a wide range of potential activities that
cooperatives can engage in, they also place limitations on them. These depend on the relationship
between the different types of cooperatives (producers', consumers'/users', workers', or multi-
stakeholders') and their members; on the type of business (banking, agriculture, retail, housing, etc.)
or its specific targets (e.g. health issues); on the characteristics of the membership (e.g. primary or
secondary cooperative) and on the size of the cooperative.10
Most countries have specific rules applicable to cooperatives, whereas the legislation on
cooperatives (and their business and social activities) derives mainly from national civil law, namely
the respective sections of commercial law (see Annex). In Japan, for instance, banking cooperatives
are strong performers in the financial sector. In Switzerland, cooperatives are focused mainly on
pursuing economic interests. Norway's different understanding of cooperatives is reflected in the
fact that they are expressly excluded from financial activities such as banking or stock exchange
operations.11
Within the EU, there is a huge variety of national laws on cooperatives, which correspond to at least
six formally different models of legislation:12
- no cooperative law (e.g. Ireland);
- cooperative regulation in a formally independent act (e.g. Austria, Germany);
- cooperative regulation in the commercial code (e.g. Czech Republic, Slovakia);
- cooperative regulation in the company law (e.g. Luxembourg) or in the companies
code (e.g. Belgium);
- cooperative regulation in the civil code (e.g. Italy, the Netherlands);
- cooperative regulation in the code of cooperatives (e.g. Portugal).
A few countries, such as Japan, even have separate cooperative laws for each sector. The United
States, on the other hand, do not have a specific federal law on the establishment of cooperatives,
but federal law does apply to cooperatives' tax exemptions. With each of the 50 states having its
own statutes on cooperatives, these add up to approximately 85 in total.13
In many countries, cooperatives can have a legal status either as a cooperative society with limited
or unlimited liability, as an economic interest grouping or as a joint-stock company.
There are also diverging national requirements regarding members and capital stock. A minimum
number of members is not always required by law. Some countries have no mandatory provisions
in this regard (e.g. Bulgaria, Denmark, Luxembourg), while others require the presence of at least
three members (e.g. Germany, Sweden, USA), and yetothers require even more. For instance, Poland
requires 10 natural persons or three legal entities to set up and run an agricultural cooperative, while
Japan requires a minimum of 15 members.14
Most countries have no mandatory provision regarding the minimum capital stock for setting up a
cooperative. Whenever the statutes require a certain amount of capital stock, it is often less than
€1 000. In certain countries, however, the minimum capital stock requirement is much higher. In
Malta, for instance, it amounts to €100 000 for producer organisations in the agricultural sector.
Cooperatives in the EU Member States and the European Economic Area (EEA) are subject to the
provisions of the SCE Regulation, namely Council Regulation (EC) 1435/2003 of 22 July 2003 on the
Statute for a European Cooperative Society. The SCE is a legal form of business organisation that
does not replace national cooperative laws, nor is its application required when conducting (or
reorganising) a business on a Community-wide scale. The SCE can be considered the 29th
cooperative legal model in the EU. Its main objective is to improve the legal environment for cross-
border cooperative operations. The SCE set a legal precedent at EU level and has become an
important reference point for cooperatives engaged in cross-border activities.
6. EPRS | European Parliamentary Research Service
6
Governance aspects
In many countries, such as Bulgaria,
Luxembourg, Hungary and the United
Kingdom, national legislation does not set rules
for the organisational structure of
cooperatives. These aspects are often linked to
market requirements. In general, there is either
a one-tier or a two-tier-system. The one-tier-
system is used by many smaller or traditional
cooperatives, where elected members assume
executive roles in everyday management, and
the decision-making is less complicated.
More professionalised and larger cooperatives
with ahigher level of capital intensity, however,
apply the two-tier system by making use of an
elected management board with a president
and a director. The two-tier system is the most
widespread organisational structure for larger
cooperatives worldwide, and it is used in about
80 % of the EU's Member States (see Annex).
In general, cooperatives have two decision-
making bodies (provided for by law or by their
statutes) that deal with governance issues: the
general assembly and the board of directors. In
many cases, an additionalboard of supervisorsor auditorsis envisaged for control purposes. In some
countries, such as Finland, a business inspector is appointed if the cooperative does not employ an
independent auditor. In certain other countries, such as Germany, an advisory board is not required
if the cooperative has no more than 20 members. Different requirements also exist with regard to
the general assembly: in Switzerland, for instance, cooperatives with at least 300 members elect
delegates to represent them.15
Most cooperatives apply the 'one member, one vote' principle in order to maintain equality among
members and respect for democratic governance rules – both being key elements of a cooperative's
identity. However, certain countries, such as Sweden, Germany, Finland and, to some extent,
Norway, provide for proportional representation. In other countries, such as the United States,
patronage-based voting applies. In a patronage-weighted voting system, voting power is based on
the proportion of business done with the cooperative.16
Nevertheless, the concrete implementation of the 'one member, one vote' norm diverges from
country to country.17
In the Bulgarian and Cypriot cooperative laws, for instance, the 'one member,
one vote' principle is a mandatory rule, and no exceptions are allowed. Some countries, such as
Belgium and the Netherlands, do not set limits on cooperative statutes in their cooperative laws,
thereby allowing a certain degree of derogation. Other countries, such as Finland, France, Italy,
Norway, Greece, Spain andGermany, permitderogationsbased on differentcriteria, such asthe nature
of the cooperative (e.g. housing cooperatives), the membership/ownership aspect (e.g. cooperatives
among entrepreneurs), or the voting criteria (e.g. proportional vote model).
Challenges faced by cooperatives
Cooperatives are facing challenges, in particular from globalisation, market pressure and non-
binding international rules. International rules are becoming more relevant, but the legal dimension
of cooperatives has yet to be sufficiently explored from a comparative perspective.18
European Cooperative Society (SCE)
A European Cooperative Society (in Latin societas
cooperativa Europaea) can be created, a) from scratch
by five or more natural persons, by two or more legal
entities, or by a combination of five or more natural
persons and legal entities; b) by a merger of two or
more existing cooperatives; or c) by the conversion of
an existing cooperative that has, for at least two years,
been established or been a subsidiary in another EU
country. The minimum capital requirement is €30 000.
An SCE can have a limited proportion of 'investor
members'. An SCE must be registered in the EU country
where it has its head office. Voting in an SCE is
generally conducted in accordance with the
cooperative principle of 'one member, one vote'.
However, weighted voting may be allowed in certain
circumstances to reflect the amount of business done
with the SCE. An SCE must call a general meeting at
least once a year. Decisions are taken by simple
majority of members present or represented; changes
to the internal statutes require a two-thirds majority.
However, the SCE model has not been as successful as
expected, given that at present, only two dozen
cooperatives have SCE status.
Source: EUR-Lex, summaries of EU legislation.
7. Cooperatives: Characteristics, activities, status, challenges
7
The organisational form of cooperatives is changing in the direction of increasingly hybrid
structures. In order to be more competitive and international, many cooperatives are introducing
managerial entrepreneurship. In addition, they are becoming more product-based and less region-
based (which has an impact on member representation). They are also tending to change their
ownership structures in order to attract more equity capital. In the agricultural sector, for instance,
federated cooperatives are tending to disappear or to become farmer-owned as opposed to user-
owned.
Cooperatives and producer organisations often experience legal uncertainty in the context of
competition law and rulings. Some countries, such as the United States, have more exemptions for
cooperatives in competition law (in order to rebalance market power), than others.
Diverging national legislation complicates matters. Therefore an additional challenge is the absence
of a European legal framework enabling the transversal recognition of the cooperative business
model across the different sectors of the economy.
While many policy- and lawmakers in the EU (and abroad) praise the role of the social economy (for
instance in catalysing social cohesion), it has not yet secured recognition for its important share in
the economy. National and EU policies on entrepreneurship, for instance, often do not take into
account the specifics of the cooperative business model (e.g. in terms of financing or education).
At global level, cooperatives are recognised as important players in international development
cooperation. The EU, for instance, appreciates their role in strengthening the local private sector and
contributing to the United Nations sustainable development goals (see below). However, there is
no explicit recognition for cooperatives in the EU's External Investment Plan.
Commission and Parliament stance on cooperatives
On its website, the Commission points to its 2004 communication on the promotion of cooperative
societies in Europe as the reference document on the subject. The communication focuses on three
main issues that need to be addressed: (1) promoting the greater use of cooperatives across Europe
by improving the visibility, characteristics and public understanding of the sector; (2) further
improving cooperative legislation in Europe; and (3) maintaining and improving cooperatives' place
in the economy and society, and their contribution to community objectives.
The website also presents the Working Group on Cooperatives, which was established in 2013. The
working group aims to assess the specific needs of cooperative enterprises with regard to a wide
variety of issues, such as the appropriate EU regulatory framework, the identification of barriers at
national level and the internationalisation of cooperatives.
In March 2016, the Commission signed a partnership agreement with the ICA for the 2016 to 2020
period. This agreement refers, inter alia, to the activities of the Cooperatives Europe Development
Platform (CEDP). It recognises cooperatives as relevant development actors and sets itself the goal
of further strengthening the cooperative movement worldwide. The EU's New European Consensus
on Development also emphasises the relevance of cooperatives for international development,
poverty eradication and food security.
In November 2016, the Commission published a communication on Europe's next leaders: the start-
up and scale-up initiative. In line with the stance adopted in this document, the Commission started
implementing various projects aimed at boosting the social economy, where cooperatives are key
players, in order to stimulate growth. In this context, in September 2018, Elżbieta Bieńkowska,
Commissioner for the internal market, industry, entrepreneurship and SMEs, stated: 'We focus on
the following areas: access to funding, access to markets, improving frameworkconditions, fostering
social innovation, technologies and new business models and working on the international
dimension'. In 2018, the Commission implemented a pilot project aimed at reducing youth
unemployment by promoting cooperatives in secondary schools and universities as a way to start a
business.
8. EPRS | European Parliamentary Research Service
8
In July 2018, the Commission adopted the EU multiannual indicative programme for the 'Civil
society organisations and local authorities' thematic programme for the 2018 to 2020 period. The
document recognises cooperatives as relevant players in civil society, capable of implementing EU
development projects in partner countries.
The European Parliament has also participated in initiatives focusing on cooperatives. For instance,
in 2012, the International Year of Cooperatives, Parliament representatives took part in a high-level
conference alongside representatives of the Commission. The conference focused in part on actions
to ensure wider recognition and integration of the cooperative business model.
Since 2012, Parliament has also adopted several resolutions on the social economy, in which it
emphasises the importance of cooperatives and mutual societies. These include:
- European Parliament resolution of 13 March 2012 on the Statute for a European
Cooperative Society with regard to the involvement of employees, 2011/2116(INI);
- European Parliament resolution of 2 July 2013 on the contribution of cooperatives to
overcoming the crisis, 2012/2321(INI); and
- European Parliament resolution of 10 September 2015 on social entrepreneurship
and social innovation in combating unemployment, 2014/2236(INI).19
Furthermore, in May 2017 the Parliament adopted its report on a European agenda for the
collaborative economy (2017/2003(INI); rapporteur: Nicola Danti, Italy, S&D), in which it highlighted,
among other things, the relevance of cooperatives for the collaborative economy. In November
2017, the Parliament hosted a conference on the collaborative economy with the participation of a
number of cooperatives as well as rapporteur Nicola Danti. At the event, several MEPs confirmed
their interest in strengthening the cooperative-based collaborative economy in order to bridge the
gap between social and economic innovation more effectively.
In July 2018, the Parliament adopted an own-initiative resolution on a Statute for social and
solidarity-based enterprises (rapporteur: Jiří Maštálka, Czech Republic, GUE/NGL).20
On the one
hand, the resolution stresses that the cooperative sector has proved particularly resilient to the
economic and financial crisis, also pointing out that the sector holds potential for social and
technological innovation, inclusive job creation, and strengthened social, economic and regional
cohesion. On the other hand, the resolution criticises the diversity in the sector, reflected in the fact
that most Member States have different rules regarding the organisational and legal form of social
and solidarity-based enterprises. According to the resolution, 'this diversity and the innovative
character of certain of these legal forms indicate that it will be difficult to find consensus in Europe
as to whether it is convenient or necessary at the present moment to set up at EU level a specific
legal form of social enterprise'.
Another EU initiative with an effect on cooperatives was the adoption in 2018 of the directive on
unfair trading practices (UTPs) in the food supply chain, which seeks to improve the role of farmers
in the wider food supply chain, by banning some of the most common UTPs. In a similar vein, in
December 2018 the Parliament and the Council reached a political agreement (rapporteur: Paolo De
Castro, Italy, S&D) on a proposal laying out a new set of rules aimed at ensuring the protection of EU
farmers and a large majority of EU agri-food companies against UTPs.21
Outlook
Cooperatives and mutual societies are important players in the social economy and in (international)
development. On several occasions, the EU has underlined their increasing importance for
sustainable development, local communities, and social inclusion.
Cooperatives seek wider recognition and better integration of their business model. However,
uncertainty remains, created by the impact of globalisation, diverging national competition laws
and the unpredictable future of binding international rules. While many EU laws seem to be poorly
adapted to the specific needs of cooperatives and to favour capital-based enterprises, the
9. Cooperatives: Characteristics, activities, status, challenges
9
collaborative economy would benefit from an enabling European legal framework targeted at
preserving and stimulating the emergence of innovative cooperative models. In doing so, the social
economy would be better recognised as a key segment of the economy.
Cooperatives would benefit from the promotion of better targeted funding and from an
entrepreneurship policy that takes into account the diversity of business models. Here again, an
appropriate regulatory framework would help to ensure a level playing field. Creating a level playing
field would put cooperatives in a better position to compete with investor-oriented firms without
giving up their social and cultural orientation. Furthermore, small and emerging cooperatives
expect more targeted help for capacity-building and organisational assistance, whereas larger
cooperatives could use more EU- and national-level support for their professionalisation aims. In this
context, the SCE statute needs to be made more effective and applicable. Some experts, for instance,
criticise cross border issues and the minimum capital requirement of €30 000 for SCEs (which seems
to be an obstacle) as well as the complex bureaucratic procedures to be followed and the numerous
references to national law.
Finally, Parliament has asked the Commission to submit a legislative proposal on the creation of a
standardised European social economy label to help to strengthen the solidarity-based economy
further. Transversal recognition of the cooperative business model across all EU policies, in particular
in entrepreneurship and youth, as well as a better translation of legal principles into international or
European law (whilst acknowledging the multiplicity of the cooperative business model and the
specific national contexts) might also be useful.
MAIN REFERENCES AND FURTHER READING
Cooperatives Europe, The power of cooperation – Cooperatives Europe key figures 2015, Brussels, 2016.
COGECA, Development of Agricultural Cooperatives in the EU 2014, 5 February 2015, Brussels.
Czachorska-Jones B., Finkelstein J.G., Samsami B., 'United States', in Fici et al. (eds.): International
Handbook of Cooperative Law, pp. 759-778.
EURICSE (European Research Institute on Cooperative and Social Enterprises) et al., Study on the
implementation of the Regulation 1435/2003 on the Statute for European Cooperative Society (SCE),
5 October 2010.
Fici A., A European Statute for Social and Solidarity-Based Enterprise, Policy Department for Citizens'
Rights and Constitutional Affairs, European Parliament, February 2017.
Fici A., Cooperative identity and the law, EURICSE Working Paper, No 023 | 12.
Fici A., Cracogna D., Henrÿ H. (eds.), International Handbook of Cooperative Law, Berlin/Heidelberg,
Springer, 2013.
Fjørtoft T. and Gjems-Onstad O., 'Norway and Scandinavian Countries', in Fici et al. (eds.): International
Handbook of Cooperative Law, pp. 563-583.
Henrÿ H., Guidelines for Cooperative Legislation, third revised edition, ILO, Geneva, 2012.
ICA (International Cooperative Alliance) and EURICSE, World Cooperative Monitor, Exploring the
Cooperative Economy, Report, 2018.
Jakob D., Huber R., Rauber K., Nonprofit Law in Switzerland, The Johns Hopkins Comparative Nonprofit
Sector Project, Working Paper No 47, March 2009.
Kurimoto A., 'Japan', in: Fici et al. (eds.): International Handbook of Cooperative Law, pp. 503-523.
Liger Q., Stefan M., Britton J., Social Economy, Policy Department for Economic and Scientific Policies,
European Parliament, May 2016.
Mazzarol T. et al., A conceptual framework for research into co-operative enterprise, Centre for
Entrepreneurial Management and Innovation (CEMI), Discussion Paper 1102.
Thirion E., Statute for social and solidarity-based enterprises, EPRS, European Parliament, December 2017.
Widuto A., EU support for social entrepreneurs, EPRS, European Parliament, March 2017.
11. Cooperatives: Characteristics, activities, status, challenges
11
ANNEX: Legal framework, formal requirements and structure of cooperatives in the EU-28, Japan, Norway, Switzerland and the US
Country Legal basis Membership and capital requirements Governance principle Organisational form
Austria Commercial Code; Law on Cooperatives;
Cooperative Auditing Law
None One member, one vote (in
general)
Variable (e.g. a supervisory board is mandatory for larger
cooperatives)
Belgium Economic interest grouping (law of 17 July 1989);
Cooperative Society with Limited Liability Law of
20 July 1991; Cooperative Society with Unlimited
Liability Law of 7 May 1999
Minimum number of members: 3 (for cooperatives with limited or
unlimited liability); no minimum number for economic interest
groupings. Minimum capital: None, but €18 850 for cooperatives with
limited liability
One member, one vote
principle is not mandatory, but
accepted by most
cooperatives
Two-tier system
Bulgaria National Cooperative Law No mandatory provisions None None
Croatia Cooperatives Act (Official Gazette Nos 34/11,
125/13, 76/14)
Minimum number of members: 7. Minimum capital: 1 000 kunas One member, one vote Two-tier system with assembly, supervisory board,
manager
Cyprus Cooperative Societies Law (1985-2003) No mandatory provisions One member, one vote General assembly and elected executive board
Czech
Republic
Law 90/2012 on Commercial Companies and
Cooperatives (Business Corporations Act)
Minimum number of members: 3. No other mandatory provisions One member, one vote Two-tier system
Denmark None No mandatory provisions One member, one vote Variable
Estonia Commercial Associations Act (2002) Minimum number of members: 5. Minimum capital: €2 556 One member, one vote Board of directors is the main decision-making body
Finland Cooperatives Act 1488/2001 (1 January 2014) Minimum number of members: 1. No minimum capital required One member, one vote or
proportional representation
One- or two-tier system (often with business inspector)
France Law on the Status of Cooperatives (10 September
1947). Specific laws for all the cooperative sectors:
agriculture, artisan, banking, consumer, retail,
housing, maritime, worker and transport
Agriculture cooperatives: sui generis statute. Limited liability
company: minimum number of members is 2, maximum 100. There is
no minimum capital except for artisan, maritime and transport
cooperatives. Joint-stock company: the minimum number of
members is 7. The minimum capital is half of the joint stock company's
capital. Simplified joint-stock company: the minimum number of
members is 2
One member, one vote Most common: elected management board with
president and director
Germany Cooperative Law (1889, updated in 2006) Minimum number of members: 3. No other provisions One member, one vote or
proportional representation
Board and supervisory board
Greece Law 1667 (1986) on Civil Cooperatives; Law 2810
(2000) and Law 4015 (2011) on Agricultural
Cooperatives; Law 4019 (2011) on Social
Cooperatives
The minimum number of members is 10 in agricultural cooperatives,
15 in civil cooperatives, 100 in civil consumer cooperatives, 5 or 6 in
social cooperatives. No minimum capital requirement
One member, one vote Three mandatory bodies are required: general assembly,
board of directors and supervisory board
Hungary Civil Code, Law X/2006 on Cooperatives
(November 2011), Law CXLI on the Agricultural
Cooperative Business Shares (2000)
None None None
Ireland Industrial and Provident Societies Act, which
applies mainly to cooperative societies
Minimum number of members: 8. One ordinary, one euro share No express provisions required
by law
No express provisions required by law
Italy Italian Civil Code Minimum number of members: 9. Three members (natural persons)
can fund a cooperative. No other mandatory provisions
One member, one vote Three different systems (traditional, one-tier or two-tier
system)
Latvia Cooperative Societies Law Minimum capital: €2 845. No other mandatory provisions One member, one vote Respecting provisions of Cooperative Societies Law
Lithuania Law on Cooperative Companies; Law on Credit
Unions
Minimum number of members: 5 One member, one vote Meeting of members, board, head of administration
Luxembourg Law on Commercial Companies (1915) Minimum number of members: 5 (physical or legal persons) One member, one vote, but
associations may allow for
multiple votes
The cooperative company is managed by one or more
representatives. The rules concerning public limited
companies (société anonyme - SA) apply if the articles of
12. EPRS | European Parliamentary Research Service
12
Agricultural associations are not required to have any capital. The
statutes must fix the par value of the shares. Third parties cannot have
a financial contribution
association do not explicitly define the management
procedures
Malta Cooperative Societies Act XXX of 2001 Minimum number of members: 5. Minimum capital: €100 000 (for
producers)
None None
The
Netherlands
National Cooperative Law (refers also to
associations)
None None Two-tier system with general assembly and board of
directors
Poland The Cooperative Law (Act of 16 September 1982);
Act of 14 December 1995 on Cooperative Saving
and Credit Unions; Act of 7 December 2000 on the
Functioning of Cooperative Banks, their
Associations and Associating Banks; Act of
15 December 2000 on Housing Cooperatives
Minimum number of members: 10, or 3 legal entities. The minimum
number of members is 5 for social cooperatives, agricultural
production cooperatives and cooperative farmers' groups. The
minimum capital to be paid by a member is one share, whose value is
defined by the general assembly
One member, one vote (only in
cooperatives whose members
are natural persons)
Two-tier system of governance is mandatory (general
assembly, supervisory council, board of directors)
Portugal Cooperative Code (Law No 119/2015) The minimum number members is 3. The minimum capital is €1 500 One member, one vote. Plural
vote allowed in first-degree
cooperatives (not all sectors
and not linked with capital)
Management and supervision include a general
assembly plus either: board of directors and supervisory
board; or board of directors with audit committee and
auditor; or executive board of directors, general and
supervisory board and auditor
Romania Law No 1/2005 on Cooperatives Applicable to
Industry & Services Cooperatives and to Consumer
& Retail Cooperatives; Law No 566/2004 on
Agricultural Cooperatives; series of specific
regulations for credit cooperatives, also valid for
other credit institutions
Agriculture sector: the minimum of members is 5. The minimum
capital for first-degree cooperatives is €114 and for second-degree
cooperatives is €2 275. Industry and services sector: the minimum
capital is €113
One member, one vote Two-tier system with general assembly and
administrative board
Slovakia Economic Code Minimum number of members: 5, or 2 legal entities. Minimum capital:
€1 250
Proportional vote, depending
on the amount of membership
contribution
Mandatory bodies: general assembly; board of directors
(if a coop has less than 50 members, it can have only one
director); and control committee
Slovenia Cooperatives Law (Official Journal, No 97/2009) Minimum number of members: 3. No other mandatory provisions One member, one vote Two-tier system with managing board and supervisory
board
Spain Law 27/1999 on Cooperatives Minimum number of members: 3 (first-degree coops) or 2 (second-
degree coops). No minimum capital required
One member, one vote Two-tier system, composed of the general assembly and
board
Sweden Swedish Cooperative Law; Cooperative society
legal form
Minimum number of members: 3. Minimum capital: 1 SEK One member, one vote or
proportional representation
One-tier system
United
Kingdom
The Cooperative and Community Benefit Societies
Act 2014
No mandatory provisions One member, one vote None
Japan Agricultural Cooperative Law No 132 of
19 November 1947, Consumer Cooperative Law
No 200 of 30 July 1948, Law on Cooperative
Banking No 183 of 1 June 1949
Minimum number of members: 15 (for agricultural coops) No
minimum capital required (except for coops in the banking and
insurance sectors)
One member, one vote General assembly, board of directors and auditors
Norway Cooperative Societies Act (29 June 2007, No 81) Minimum number of members: 2. No minimum capital required One member, one vote, but
also additional votes possible
General assembly, board of directors, supervisory
committee
Switzerland Swiss Code of Obligations Minimum number of members: 7. No minimum capital required One member, one vote General assembly, board of directors, audit division
(coops with 300 member elect representatives)
United
States
No federal law (except for tax exemption); the
states have about 85 statues for cooperatives
Variable (e.g. 3-12minimum members, dependingonstate and sector,
a coop may be formed with or without capital stock)
One member, one vote or
patronage-based voting
Member representations, elected board of directors
Data source: Cooperatives Europe, The power of cooperation, 2016; COGECA, Development of Agricultural Cooperatives in the EU 2014, 2015; A. Fici, D. Cracogna, H. Henrÿ
(eds.), International Handbook of Cooperative Law, Berlin/Heidelberg (Springer), 2013.