| Rochdale Principles |
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The Rochdale Principles are a set of ideals for the operation of Cooperatives . They were first set out by the Rochdale Society Of Equitable Pioneers in Rochdale , England , in 1844 , and have formed the basis for the principles on which co-operatives around the World operate to this day. The implications of the Rochdale Principles are a focus of study in Co-operative Economics . The original Rochdale Principles were officially adopted by the International Co-operative Alliance (ICA) in 1937 as the '''Rochdale Principles of Co-operation'''. Updated versions of the principles have been adopted by the ICA in 1966 as the '''Co-operative Principles''' and in 1995 as part of the ''' Statement On The Co-operative Identity '''. ORIGINAL VERSION ( 1844 ) # Open membership. # Democratic control (one person, one vote). # Distribution of Surplus in proportion to Trade . # Payment of limited interest on Capital . # Political and religious neutrality. # Cash trading (no credit extended). # Promotion of education. ICA REVISION ( 1966 ) # Open, voluntary membership. # Democratic governance. # Limited return on Equity . # Surplus belongs to members. # Education of members and public in cooperative principles. # Cooperation between cooperatives. ICA REVISION ( 1995 ) # Voluntary And Open Membership . # Democratic Member Control . # Member Economic Participation . # Autonomy And Independence . # Education, Training, And Information . # Cooperation Among Cooperatives . # Concern For Community . SEE ALSO
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