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The Governance of Cooperative Banks: Main features and new challenges

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  • Eric Lamarque

    (IAE Paris - Sorbonne Business School)

Abstract

When you ask a member of any cooperative bank what it is that makes the model unique, the immediate answer is: "governance". Members are the cooperative owners. Each member has one voting right, independent of amount of money invested in membership shares, a model of democracy according to all supporters of the model. But only a small group of activist members is actually aware of their ability to participate in management control at the various decision-making levels. Others are not so engaged. Some don't even remember that they own these membership shares, while most are just concerned about return on investment… because this is often how these particular shares are proposed to customers.

Suggested Citation

  • Eric Lamarque, 2018. "The Governance of Cooperative Banks: Main features and new challenges," Post-Print hal-02536224, HAL.
    • Handle: RePEc:hal:journl:hal-02536224
    DOI: 10.1007/978-3-319-93578-2_6
    Note: View the original document on HAL open archive server: https://hal.science/hal-02536224
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    References listed on IDEAS

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    1. Raphaël Douady & Clément Goulet & Pierre-Charles Pradier (ed.), 2017. "Financial Regulation in the EU," Springer Books, Springer, number 978-3-319-44287-7, December.
    2. Aebi, Vincent & Sabato, Gabriele & Schmid, Markus, 2012. "Risk management, corporate governance, and bank performance in the financial crisis," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3213-3226.
    3. Siti Nuryanah & Sardar M. N. Islam, 2015. "Corporate Governance and Financial Management," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-43561-3.
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