New corporate governance code for co-operatives

The work of preparing new governance code for co-operative enterprises in Sweden is now in progress. Its aim is to promote the distinguishing features, advantages and competitiveness of co-operative enterprises, while focusing on the democratic processes, members’ financial affiliation and social responsibility. Co-operatives Sweden, the interest organisation for co-ops in Sweden, is responsible for preparing the new code.

The 100 largest co-operative enterprises in Sweden have a turnover of SEK 400 billion a year and some 100,000 employees. They are an important part of Swedish industry. The aim of the work of preparing a new governance code for large co-ops is to ensure good continued corporate governance and hone the advantages of this form of enterprise.

“This highly sought-after code will increase the visibility of co-operative enterprise, its positive characteristics and its competitive power,” says Anders Källström, Chair of Co-operatives Sweden and Managing Director of the Federation of Swedish Farmers (LRF).

The work of preparing a co-operative governance code is led by Bo Thorstorp, former legal adviser at LRF and Lars Wennberg, former partner in PwC. Both have solid experience of corporate governance issues in co-operative industry and commerce. The work also includes a working group with representatives of consumer and producer co-operation and the Stockholm School of Economics.

 

For interviews and media relations:

Jan Edén, jan.eden@svenskkooperation.se, +46 70 736 17 27

Petra Pilawa, petra.pilawa@svenskkooperation.se, +46 76 812 28 48

 

The mission of Co-operatives Sweden is to increase knowledge about cooperative businesses by powering opinion and public debate. Behind the initiative are the Federation of Swedish Farmers (LRF), the Swedish Co-operative Union (KF), the HSB cooperative housing association and the KFO Employers’ association. Cooperatives Sweden was founded in May 2017, marking an historic working relationship between consumer and manufacturer cooperation.

About Us

The mission of Co-operatives Sweden is to increase knowledge about cooperative businesses by powering opinion and public debate. Behind the initiative are the Federation of Swedish Farmers (LRF), the Swedish Co-operative Union (KF), the HSB cooperative housing association and the KFO Employers’ association. Cooperatives Sweden was founded in May 2017, marking an historic working relationship between consumer and manufacturer cooperation.

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