{"id":10821,"date":"2025-04-02T19:09:23","date_gmt":"2025-04-02T19:09:23","guid":{"rendered":"https:\/\/editionsjfd.com\/backup\/produit\/une-reflexion-critique-autour-des-mecanismes-de-gouvernance-des-cooperatives\/"},"modified":"2025-06-02T17:18:11","modified_gmt":"2025-06-02T17:18:11","slug":"a-critical-look-at-cooperative-governance-mechanisms","status":"publish","type":"product","link":"https:\/\/jfd.virtualgx.com\/en\/produit\/une-reflexion-critique-autour-des-mecanismes-de-gouvernance-des-cooperatives\/","title":{"rendered":"A critical look at cooperative governance mechanisms"},"content":{"rendered":"<div>\n<p style=\"text-align: justify;\">The cooperative is a hybrid form of enterprise that seeks to reconcile capital with the socio-economic and\/or cultural concerns of its members. It is both a company and an association, and places human beings at the heart of economic activity.<\/p>\n<p style=\"text-align: justify;\">Through a three-dimensional theoretical analysis describing the cooperative reality, the author clearly exposes a number of governance issues facing Quebec cooperatives.<\/p>\n<p style=\"text-align: justify;\">Firstly, the agency theory that allows us to observe the cooperative reality of financial profit maximization despite certain limits (a legal reality based on the cooperative investment regime and the Cooperatives Act) reveals several contradictions in its governance mechanisms. This is the case, for example, with the principle of limited interest on capital from the point of view of holders of participating preference shares (Chapter 1).<br \/>Secondly, the theory of the social contract, which describes the balance between the cooperative reality of profit maximization for external investors and the satisfaction of the interests of internal members (in terms of cooperative law), notes the divergence of their interests. This raises the question of the profile of the Board of Directors (BoD). Even the notion of cooperative is out of step with the reality of profit and the satisfaction of internal members' interests (Chapter 2).<\/p>\n<p style=\"text-align: justify;\">Thirdly, the theory of the psychological contract, which highlights the informal dimension of reciprocity in relations between cooperators and the cooperative in the realization of their real and abstract expectations (from the point of view of the values laid down by the International Cooperative Alliance \"ICA\"), reveals that none of these governance mechanisms objectively guarantees respect for this reciprocity. It is simply utopian to believe that all cooperators and the cooperative act in accordance with the various values laid down by the ICA in the realization of their real expectations (Chapter 3).<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Protecting external investors and strengthening the cooperative identity in Qu\u00e9bec<\/p>","protected":false},"featured_media":10822,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false},"product_brand":[],"product_cat":[1033],"product_tag":[],"class_list":["post-10821","product","type-product","status-publish","has-post-thumbnail","author-daniel-djedi","product_cat-management","product_shipping_class-book","first","instock","taxable","shipping-taxable","purchasable","product-type-variable"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Une re\u0301flexion critique autour des me\u0301canismes de gouvernance des coope\u0301ratives - Les \u00c9ditions JFD<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Une re\u0301flexion critique autour des me\u0301canismes de gouvernance des coope\u0301ratives - Les \u00c9ditions JFD\" \/>\n<meta property=\"og:description\" content=\"Protection des investisseurs externes et renforcement de l\u2019identite\u0301 coope\u0301rative au Que\u0301bec\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jfd.virtualgx.com\/en\/product\/a-critical-look-at-cooperative-governance-mechanisms\/\" \/>\n<meta property=\"og:site_name\" content=\"Les \u00c9ditions JFD\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-02T17:18:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/jfd.virtualgx.com\/wp-content\/uploads\/2025\/04\/13256-preview.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"315\" \/>\n\t<meta property=\"og:image:height\" content=\"472\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/jfd.virtualgx.com\\\/produit\\\/une-reflexion-critique-autour-des-mecanismes-de-gouvernance-des-cooperatives\\\/\",\"url\":\"https:\\\/\\\/jfd.virtualgx.com\\\/produit\\\/une-reflexion-critique-autour-des-mecanismes-de-gouvernance-des-cooperatives\\\/\",\"name\":\"Une re\u0301flexion critique autour des me\u0301canismes de gouvernance des coope\u0301ratives - 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