The Third Cooperative Principle
The International Cooperative Alliance (ICA) has established seven principles as guidelines by which cooperatives put their values into practice.
The Third Principle is Member Economic Participation:
“Members contribute equitably to, and democratically control, the capital of their co-operative. At least part of that capital is usually the common property of the co-operative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any of the following…