25th Anniversary of Cooperative Identity that defines the current cooperative business model

The 25th anniversary of the Declaration of the Cooperative Identity was used to remember and celebrate a milestone that defined the modern cooperative business model and identified its values and the principles that govern the activity. Back in 1995, when the 31st Congress of the International Cooperative Alliance (ACI) defined a cooperative as “an independent association of people who join together voluntarily to face up to their common economic, social and cultural needs by way of a company with joint ownership and controlled democratically.” The next congress will be held in Seoul in December, 2021.