Published22nd October 2020
Last updated5th November 2020
The governance wheel depicts the key areas of governance that should be in place within a thriving co-operative business.
The key elements of governance are:
- An effective board
- Operations and processes
- Performance and roles
- Members and participation
Remote video URL
A board with the appropriate balance of skills, experience, independence and knowledge is key to the success of a co-operative.
Good governance is crucial to the effective operation of co-operatives regardless of size, legal form or business sector.