Question
Discuss in detail the Principles of 1995 Cooperative Statement (ICA, 1995).
Answer :
Word Count : 578
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Skip in 10
The 1995 Statement on the Cooperative Identity, adopted by the International Cooperative Alliance (ICA), provided a renewed and comprehensive definition of cooperatives, emphasizing their principles, values, and role in social and economic development. This Statement clarified the essence of cooperatives as autonomous associations of persons united voluntarily to meet common economic, social, and cultural needs through jointly-owned and democratically-controlled enterprises. It reaffirmed the cooperative model as distinct from other forms of business, highlighting the balance between economic viability and social responsibility. The ICA 1995 principles serve as guiding norms for cooperatives worldwide, reflecting a modern understanding of cooperative governance and values. The first principle is Voluntary and Open Membership, which emphasizes that cooperatives are open to all persons willing to accept the responsibilities of membership, without discrimination based on gender, social status, political belief, or religion. This principle promotes inclusivity, equal opportunity, and non-exclusionary participation, ensuring that cooperatives operate as democratic and accessible institutions. Members join voluntarily, contributing to the cooperative’s growth while benefiting from its services and governance structure. The second principle is Democratic Member Control, which establishes
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