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Governance and bodies of a cooperative

As a minimum, a cooperative's governance consists of a Board of Directors and the cooperative’s General Meeting or its replacement, a Board of Representatives. A cooperative’s General Meeting is the highest decision-making body, which selects the Board to represent the cooperative and take care of its administration. A cooperative may also have a Managing Director leading the practical operations, and a Supervisory Board supervising the administration.

Text edited by: editorial team
Updated: 6/3/2019