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.