| Q. |
What is a co-operative and
how does it operate? |
| |
|
| A. |
A co-operative is 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.
It operates based on the following principles
- Voluntary and open membership
- Democratic member control
- Members' economic participation
- Autonomy and independence
- Education, training and information
- Co-operation among co-operatives
- Concern for community
* For more details, please
refer to the page on Co-operative Identity.
|
| |
|
| Q. |
Where is SGM located and
how do I get myself there? |
| |
|
| A. |
It is located at House No. 785 Geylang Road next to
Lorong 41. If you take the MRT, you can alight at the
Paya Lebar MRT Station, or you can take bus service
no 13, 21, 40, 67 and alight at the bus-stop facing
Lorong 39.
|
| |
|
| Q. |
What are the differences
between co-operatives and private enterprises? |
| |
|
| A. |
The differences between co-operatives and private enterprises
are as follows:
- Co-operative follows the principle of one-member-one
vote, while the Enterprise is determined by the type
of shares held.
- Co-operative is an association of members but an
Enterprise is an association of capital.
-
The main objective of co-operatives
is to serve members’ needs, but an the objective
of an Enterprise is to maximize profits.
|
