Co-Operative Values & Principles
New Build Guru Homeowners CIC is a co-operative enterprise and as such it provides you and your fellow Members with a fantastic platform for sharing know-how and information and for organising and taking powerful collective action over common-interest issues such as unresolved construction defects, unfair shared maintenance arrangements, and planning issues.
Successful collaboration requires a shared vision. In a co-operative, the shared vision is based on the internationally-recognised co-operative values and principles, summarised below.
Definition of a co-operative
A co-operative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.
Co-operatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. Co-operative members believe in the ethical values of honesty, openness, social responsibility and caring for others.
The co-operative principles below are the internationally-recognised guidelines by which all co-operatives put their values into practice.
- Voluntary and open membership
A co-operative is a voluntary organisation, open to all persons who meet the membership criteria (owners or residents on your development) who wish to use its services and are willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination.
- Democratic member control
A co-operative is a democratic organisation in which Members actively participate in setting the co-operative’s policies and making decisions. Members have equal voting rights (one member, one vote).
- Member economic participation
Members contribute equitably to, and democratically control, the capital of the co-operative. At least part of that capital is usually the common property of the co-operative. 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 indivisible; benefiting members in proportion to their transactions with the co-operative; and supporting other activities approved by the membership.
- Autonomy and independence
A co-operative is an autonomous, self-help organisation controlled by its members. If they enter into agreements with other organisations, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their co-operative autonomy.
- Education, training & information
Co-operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. They inform the general public – particularly young people and opinion leaders – about the nature and benefits of co-operation.
- Co-operation among Co-operatives
Co-operatives serve their members most effectively and strengthen the co-operative movement by working together through local, national, regional and international structures.
- Concern for community
A co-operative works for the sustainable development of the community through policies approved by the members.