Ethically serving stakeholders

One of the most interesting types of business ownership is that of a co-operative. This is because co-operatives are owned by their members, not by shareholders like private or public limited companies. The largest co-operative in the UK is The Co-operative Group. This has more than three million members. Each member has an equal right to contribute to its decision-making processes. This means that, while managers make the decisions for the business, members rather than shareholders influence behaviour by giving direction to the business. Importantly,…