The following seven principles are generally regarded as the underlying principles of co-operation:
1. Membership is voluntary and open without artificial restriction to all who qualify.
2. Co-operatives are managed by persons elected by the members, or by all the members. Members have equal voting rights: one member one vote.
3. Capital invested, whether as shares or loans, receives only a limited return.
4. Profits or surpluses belong to the members and should be distributed or otherwise applied in such manner as avoids one member gaining at the expense of another.
5. All co-operatives should pursue social and economic as well as commercial objectives.
6. All co-operatives should actively co-operate with one another in every practical way.
7. All co-operatives should consider environmental issues in their day to day running.
The co-operative model withstands the crisis