A workers’ cooperative is a type of enterprise owned and self-managed by its workers and can take a variety of formats but most commonly on a one-worker- one-vote/share principle. Decision-making is by democratic vote, but management can either be drawn from the membership, or managers hired in as employees, but not members. In traditional forms of worker cooperative, all shares are held by the workforce with neither investors nor customers admitted as members. The International organisation representing worker cooperatives is CICOPA, which comprises of two regional organisations: CECOP- CICOPA Europe and CICOPA Americas.
- Why Some Worker Co-ops Succeed While Others Fail