A democratic approach to business – easy, right?
The Statement on the Cooperative Identity defines a cooperative as an “autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise.” On many dimensions, this organizational and legal structure is extremely compelling – but, as with any commercial enterprise, also fraught with risks to achieving the laudable objectives around which members have coalaesced. And, if that weren’t challenging enough, cooperatives also operate under unique legal and regulatory compliance regimes that must be constantly monitored and adhered, further complicating the challenge of maintaining a well-functioning democracy.
Therefore, in order to maximize potential benefits of the cooperative structure, key stakeholders must be well-informed of both opportunity and risk, and able to effect decisions and change through governance and reporting structures that are efficient, appropriately representative and responsive. Most importantly, this must be done efficiently so as to reduce administrative burden and cost, better enabling members to focus upon the core mission.
At Mobius One, we understand and believe strongly in supporting the cooperative movement and have developed cloud-based solutions uniquely tailored to address the enterprise risk management, assurance, vendor risk, incident and regulatory compliance management needs of the cooperative sector. So whether your cooperative is in the form of a credit union, an insurance mutual, or a producer, retail, utility, employee or housing cooperative —
Mobius One is here to help.
Seamlessly integrating your cooperative’s planning, risk management, regulatory compliance and assurance processes
Ensuring that your Board, management team and members have the information needed to fulfill their roles within your cooperative venture.
The Mobius One Platform for Cooperatives
A not-so-small industry sector
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