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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. The General Meeting of the cooperative has the highest decision-making power in matters that under the Co-operatives Act or the rules of the cooperative fall within its competence. 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: 9/4/2021