Definition of Corporation

Corporation is an independent entrepreneurial organization democratically controlled and aimed to achieve common economic, social and cultural needs of a group of individuals voluntarily gathered together and enjoying collective ownership.
(International Corporative Alliance – September 1995)

Principles of Corporative Development
1 Voluntary and open membership.
2 Democratic members control.
3 Member economic participation.
4 Autonomy and independence.
5 Corporative education, training and information.
6 Corporation among cooperatives.
7 Concern for the community

Special Characteristics of the Corporative System
1 Being an independent Organization.
2 A group of individuals voluntarily and collectively come together.
3 Collective ownership of members.
4 Expectations and needs of the members being common.
5 Entrepreneurship with democratic management.