The Governance of Cooperative Banks: Main features and new challenges

Eric Lamarque (lamarque.iae@univ-paris1.fr)
Additional contact information
Eric Lamarque: IAE Paris - Sorbonne Business School

Post-Print from HAL

Abstract: When you ask a member of any cooperative bank what it is that makes the model unique, the immediate answer is: "governance". Members are the cooperative owners. Each member has one voting right, independent of amount of money invested in membership shares, a model of democracy according to all supporters of the model. But only a small group of activist members is actually aware of their ability to participate in management control at the various decision-making levels. Others are not so engaged. Some don't even remember that they own these membership shares, while most are just concerned about return on investment… because this is often how these particular shares are proposed to customers.

Date: 2018
Note: View the original document on HAL open archive server: https://hal.science/hal-02536224
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in New Cooperative Banking in Europe : Strategies for Adapting the Business Model Post Crisis, 2018, ⟨10.1007/978-3-319-93578-2_6⟩

Downloads: (external link)
https://hal.science/hal-02536224/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02536224

DOI: 10.1007/978-3-319-93578-2_6

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD (hal@ccsd.cnrs.fr).