Friday 24 January 2014

What actually is a Coop CIC?

A post where I show that a Coop is not just for keeping Chickens in





A few folk have contacted me asking me about the use of the word Coop within this Blog.

A few have certainly expressed the opinion that they do not like it because it sounds like "Left Wing Nonsense"

A distinction needs to be made from the Cooperative Movement which is a political one.

(When you vote you will often see the Labour Party Candidate listed as the Labour and Cooperative Party Candidate)

and Cooperative principals which are rules that you put into the Rules of the Company.

These are all quite straight forward and certainly not political.

In Fact the one thing that a Community Interest Company is not allowed to do is; from the regulators website is

"A CIC cannot be formed to support political activities"

So what are the Coop principals: see the list below


1. Open membership

 2. Democratic control

3. Common ownership

4. Autonomy and Independence

5. Education, Training and Information

6. Co-operation among Co-operatives

7. Social aims alongside economic aims


@rchrdtknsn

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