Enacting cooperative governance in the digital era

The cooperative model is known for its resilience and objective that prioritizes the common needs of their members, rather than returns for shareholders. The governance model follows a value-driven logic and a democratic structure, in that decision making is based on the “one person - one vote” principle. Under this umbrella, employee-owned businesses (EOBs) are organizations where the employees own and manage the company. Like other types of cooperatives, they arevalue driven, member owned, and democratically controlled organizations; principles that explain why EOBs have been economically sound and more resilient to crisis, such as Covid, compared to other types of organizations.