The all co-operative societies operating around us are empower to have some privileges in the seat of power and decision making. This is expected to ginger up all members towards contributing their best which could include
their presence and their cash to the running of society. The running of a
Co-operative society is not like running other public limited liabilities, for example; the
private companies or joint stock companies; where the shareholders don’t
normally participate directly in the operation of the business. In co-operative,
the management is directly done by the members. This means the shareholders
directly participate in the running of its affairs. Because of this truth,
there is no time the investor is given second hand information about the
business as him/her is also involved in the operation of the business. If on
the other hand there is loss observed in the process, every member must also
share the risk.
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