How Can Members Contribute More to Cooperative Life and Decision Processes?

Eric Lamarque ()
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Eric Lamarque: IAE of the University Paris 1 Panthéon-Sorbonne (Sorbonne Business School)

Chapter Chapter 4 in Contemporary Trends in European Cooperative Banking, 2022, pp 75-95 from Springer

Abstract: Abstract The aim of this chapter is to analyse how to involve more and better members in the decision-making processes of the bank. I discuss some requirement, guidelines and examples to show how to better consider the contribution of members and to allow cooperative banks to maintain one of the founding features of their governance model. Cooperative banks have to consider the diversity of expectations and motivations to become a member and the difference existing between members and simple customers. The value added given by membership has to be built by the cooperative itself on alternative basis compared to economic and financial value, by an innovative way of participating to decisions at individual level (from the basis up until board level).

Keywords: Cooperative banks; Members’ commitment; Governance; Board of directors; Independence; Risk management (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-98194-5_4

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DOI: 10.1007/978-3-030-98194-5_4

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