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2 results

  • 48 - The Cooperative as a Platform for Sustainable Business Operations

  • from Part IV - Potential Drivers for Change
  • Edited by Beate Sjåfjell, Universitetet i Oslo, Christopher M. Bruner, University of Georgia
  • Book:
    The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability
    Published online:
    25 November 2019
    Print publication:
    12 December 2019, pp 682-695

  • Summary

    The modern corporation is often praised as the ultimate form of association. The purpose of this chapter is to challenge this claim by demonstrating the possibilities of the cooperative business model. In other words the aim is to examine how cooperatives differ from corporations, especially in terms of sustainability, to what extent cooperatives, in theory and practice, facilitate sustainability, and how cooperative law should be developed to ensure that person-oriented cooperative societies do not transform into capital-centered cooperative corporations. The findings of this chapter show that cooperatives are, in several ways, better alternatives for sustainable business operations than corporations. Concern for community is an organic part of the cooperative business model, whereas altruistic measures in the corporate context are often artificial and motivated by investor interests. However, the question yet remains whether cooperatives facilitate sustainability enough or whether they put too much emphasis on their members’ interests.