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The 1995 Statement on the Cooperative Identity, adopted by the International Cooperative Alliance (ICA), provided a renewed and comprehensive definition of cooperatives, emphasizing their principles, values, and role in social and economic development. This Statement clarified the essence of cooperatives as autonomous associations of persons united voluntarily to meet common economic, social, and cultural needs through jointly-owned and democratically-controlled enterprises. It reaffirmed the cooperative model as distinct from other forms of business, highlighting the balance between economic viability and social responsibility. The ICA 1995 principles serve as guiding norms for cooperatives worldwide, reflecting a modern understanding of cooperative governance and values. The first principle is Voluntary and Open Membership, which emphasizes that cooperatives are open _________ _________ ______ _________ ____ _______ ____ ______ _______ _____ ___.
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