Question

Discuss the followings: 

a) Democratization of cooperatives 

b) Cooperatives for economic and social empowerment

14 Sep 2022
Answer :
Word Count : 1169

a) Democratization of cooperatives 

Cooperatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote), and cooperatives at other levels are also organised in a democratic manner. The primary and dominant purpose of a cooperative is to promote the interests of its members. Only the members should finally decide their interests in any given situation. A cooperative therefore will not in the end work well and prosper without agreed and effective methods of consulting the members as a body and enabling them to express their wishes. Moreover, since it is the members who bring a cooperative into existence and whose loyal support keeps it alive, those who administer its affairs and, in particular, conduct its day to day business must be chosen directly by the members and enjoy their confidence. It follows further that the Board of Directors is accountable to the members. They must report regularly in a business-like manner on their activities and submit the results to the members' judgment. If the members are not satisfied, they have the authority and the power to criticize, to object and in extreme cases, to dismiss and replace the Board of Directors and other officials. In the cooperative. the status of all members _____ ___ ___ ________ _____ _____ ______ ____.
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