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Federation of
Southern Cooperatives |
One Person One Vote We use our votes
It is important for all members to attend the Annual Meeting of the co-op. At the annual meeting, the board of directors and the members decide on the goals of the co-op for the coming year. |
Cooperative
• Owned by the members who use the products or services
• The members decide how the co-op is run
• Used by members-owners
• The goals are generally services to and for members and financial well
being of the cooperative and its members
• Savings and benefits are passed on to the members depending on the amount
of business they do with the co-op
Corporation
(investment oriented)
• Owned by stockholders
• Stockholders or directors determine policies
• Generally used by nonowner customers
• The goal is generally profit
• Stockholders receive profits
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