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Securing legal recognition for co-operative enterprises

The International Co-operative Alliance works in close partnership with international institutions to ensure a global regulatory framework that recognizes and promotes the specific characteristics of co-operatives.

The Blueprint for a Co-operative Decade identifies “legal frameworks” as one of its pillars and aims to ensure supportive legal frameworks for co-operative growth.

Global bodies such as the G20, the UN or the International Accounting Standards Board (IASB), should take into account that co-operative enterprises are different from other types of businesses because they are member-owned and follow the co-operative values and principles.

To this end, the Alliance’s Co-operative Law Committee works towards determining the best way that the co-operative specificities can be translated into international and national frameworks.

Also, the Alliance’s International Accounting Standards Working Group gathers experts from members to provide input to the IASB regarding accounting rules and the way they may affect co-operatives.

The Alliance also works with governmental agencies with the aim of improving national legal frameworks on co-operatives.

 

 

 

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