members, who actively bylaw revisions, and Bylaw revisions were also voted on by the participate in setting their provide for various other members. policies and making member controls. In both cases, each member had one decisions. Men and women vote. serving as elected representatives are Elected representatives accountable to the are held accountable by The board has developed a membership. In primary the members to further comprehensive set of policies that members have organize themselves, to include expectations about how the equal voting rights (one provide leadership board is organized, its relationship with member, one vote) and necessary for the the GM, the desired results of the at other levels organization to produce organization, unacceptable conditions are also organized in a the desired results and and activities, and it maintains a schedule democratic manner. avoid unacceptable for monitoring all of these policies. conditions and activities, and to check to ensure that those expectations Board and Management account to our are being met. members through the Annual Report and Annual Meeting. 3rd Principle: Member The board, on behalf of the members, sets and See the most Economic Participation controls the member equity requirement recent through policies xxx. Rights Members contribute and equitably to, and [or state how your member equity requirement Responsibilities democratically control, the is controlled] monitoring report capital of their co-operative. for data about At least part of that capital is equity payments usually the common and patronage The board also decides, on a year-to-year basis property of the refunds. whether to provide patronage rebates based Members usually on the member dollars spent and the relation receive limited to profitability. compensation, if any, on The balance sheet capital subscribed as a provided with the condition of membership. most recent Members allocate surpluses In addition, members may provide vital capital Financial for any or all of the following to the co-op by loaning money to the co-op. Conditions purposes: developing their These loans do not influence voting rights of monitoring report members. co-operative, possibly by shows that our setting up reserves, part of members have which at least would be
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 members have equal voting rights (one member, one vote) and at other levels are also organized in a democratic manner. bylaw revisions, and provide for various other member controls. Elected representatives are held accountable by the members to further organize themselves, to provide leadership necessary for the organization to produce the desired results and avoid unacceptable conditions and activities, and to check to ensure that those expectations are being met. Bylaw revisions were also voted on by the members. In both cases, each member had one vote. The board has developed a comprehensive set of policies that include expectations about how the board is organized, its relationship with the GM, the desired results of the organization, unacceptable conditions and activities, and it maintains a schedule for monitoring all of these policies. Board and Management account to our members through the Annual Report and Annual Meeting. 3rd Principle: Member Economic Participation Members contribute equitably to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their co-operative, possibly by setting up reserves, part of which at least would be The board, on behalf of the members, sets and controls the member equity requirement through policies xxx. [or state how your member equity requirement is controlled] The board also decides, on a year-to-year basis whether to provide patronage rebates based on the member dollars spent and the relation to profitability. In addition, members may provide vital capital to the co-op by loaning money to the co-op. These loans do not influence voting rights of members. See the most recent Rights and Responsibilities monitoring report for data about equity payments and patronage refunds. The balance sheet provided with the most recent Conditions monitoring report shows that our members have Financial
GM-Report-Support-Compilation-02-18.docx