In November 2019, Co-operatives UK published the revised version of the Co-operative Corporate Governance Code.
The updated version fully incorporates the specific nature of governance in member-owned entities and reflects recent developments in the UK Corporate Governance Code and the Wates Corporate Governance Principles. Of interest in the revised version is the focus on democracy and quality leadership in establishing good governance. The Code is divided into six governance headings supported by principles and provisions. The headings are:
1. Member voice, participation and engagement
2. Co-operative leadership and purpose
3. Roles and responsibilities
4. Board composition, succession and evaluation
5. Risk, financial management and internal controls
6. Remuneration of the board and executive leadership.
The code can be downloaded via their website.