The governance (or democratic structure)
of the Co-operative system in the Arctic begins and ends
with local ownership under the control of the individual
owner-members that use the services of the local Co-op.
Co-op members take ownership in their community business
by purchasing and holding shares, but control of the Co-operative
is not linked to the number of shares owned. Instead,
each member has an equal share in the business affairs
of the Co-op - "One Member, One Vote". More than 20,000
individuals are the owner-members of the community based
Co-operatives across the Arctic.
Co-op members are encouraged to participate in the operation
of their Co-operative by contributing ideas and making
decisions on the policies and future direction of the
Co-operative. Members elect the Board of Directors of
the Co-op and provide direction to the board on how their
business should operate. The Board of Directors is accountable
to the members of the Co-op. Co-op members are encouraged
to become directly involved in their Co-operative by participating
on committees or the Board of Directors. If elected as
a Board member, they are obligated to act in the best
interests of the Co-operative.
ARCTIC CO-OPERATIVES LIMITED
OF ARCTIC CO-OPERATIVES LIMITED (Arctic Co-ops)
Arctic Co-ops is co-operatively owned and democratically
controlled by its members. Membership includes 32
autonomous Co-operatives located in communities across
northern Canada. These member Co-operatives are geographically
divided into seven Arctic Co-ops electoral districts.
Each Member Co-operative is entitled to be represented
by two voting delegates at each annual meeting of
Elected by the delegates attending the annual meeting.
The Board of Directors consists of seven directors
or onedirector from each of the seven electoral districts.
Appointed by the Board of Directors, and accountable
to the Board.